By Katherine Tweed | Greentech Media
The coming reduction of the 30 percent federal Investment Tax Credit (ITC) for solar creates a steep cliff no matter which way you crunch the numbers, according to a new policy paper from George Washington University. But there are ways to soften the blow.
With the phase-down of the tax credit, the U.S. Energy Information Administration projects a 94 percent decrease in distributed solar PV installations from 2016 to 2017, with 2025 levels still below 2016 levels. (EIA estimates are often notoriously low, however.)
