By Nora Caley | Solar Industry
It seemed natural to wonder how solar power might factor in the newly legalized marijuana business at the Colorado Solar Energy Industries Association’s (COSEIA) Solar Power Colorado conference this week. And while opportunities in solar pot growing did gather much attention, it was issues such as the investment tax credit (ITC) and net energy metering that were forefront in many minds.
Perhaps surprisingly, the end of the ITC after 2016, which will effectively lower the incentive for new solar projects from 30% to 10%, was not a subject of dread.
“I’ve had a change of outlook in the last few years,” said Blake Jones, co-founder and CEO of Namaste Solar. “At first, I was fighting for the incentive kicking and screaming, and now I want to rip the Band-Aid off. So I am looking forward to it going to 10 percent. I wouldn’t mind if it was zero.”