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Sun goes down on solar subsidies
Susbidies being cut everywhere Last month was bad news for the solar industry in the US.
For some years investment tax credits (ITCs) of 30% capped at $2,000 per home have incentivised households to take the jump to a more sustainable energy source, while businesses had an equivalent uncapped credit.
But with the scheme set to expire on 31 December, the Senate has blocked a renewal bill eight times.
The loss of these incentive payouts from the federal government could affect much more than the number of houses powered by the sun. …
September 3, 2008
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