Solar tax credit: Is death on the horizon?


This happened Monday at the Kentucky Farm Bureau:

“I would do away with these incentives that we give to wind and solar."

So opined Scott Pruitt, Director of the Environmental Protection Agency. (Operative word: Protection.)

Anybody with half a pulse and a room-temperature-plus IQ could have seen it coming. After all, it’s written into the Koch Brothers’ playbook, and the Trump Administration is hell bent on aborting anything created or supported by the Obama Administration.

As we expressed a few weeks ago, it would defy logic, economics and common sense if the Republic Congress (rubber-stamped by President Trump) killed the clean energy tax credit. Why deter the fastest growing industry and most vibrant job creation engine in the U.S.? To spite the previous administration? To appease petroleum companies?

I’ve been accused of being overly optimistic, an ignoramus, by colleagues who have seen this coming. No chance, I’d pout, they can’t be that stupid (to dis-incentivize property owners from going solar). Pollutin’ Pruitt’s gonna do it, my environmental friends bemoaned.

I hope they’re wrong. I hope logic prevails, common sense is applied, job creation and environmental protection trump ideology.

But, my posture that there’s no financial urgency to go solar — net-metering is here to stay; the tax credit is written in to the tax code through 2020; PG&E rates continue to escalate — holds less weight. Any property owner who is contemplating solar, and wants to ensure they earn the 30% federal tax credit, should act soon. Before it’s too late.