American federal solar tax credits cost the United States $ 25 billion a year, but deliver $ 51 billion in electricity bill savings, together with $ 12 billion in federal tax revenues and $ 3.7 billion in state and local taxes, according to the Solar Energy Industries Association (SEIA), De Brattle Group and the University of Louaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
While the American congress is negotiating the new federal budget, it is trying to make it Drastic cuts to clean energy credits of the energy To finance the expansion of the tax cuts and job law of 2017.
However, the cost savings of reducing the tax credits of the solar edges outweighs the benefits, the analysis of the Solar Energy Industries Association (SEIA), the Brattle Group and the University of Louisiana.
SEIA estimated the tax credits for sunburns around $ 25 billion a year. But the benefits for American ratepayers outweigh these costs, it turned out. NERA Economic Consulting showed that reducing the tax loans of the energy average utility accounts would increase by 7% for customers and 10% for small companies. Analysis of the Brattle Group showed that the tax credits of the sunbill with a combined $ 51 billion per year lower electricity costs for American Ratepayers Lagenders, more than double the costs of the credits.
Moreover, analysis by SEIA and the University of Louisiana showed that the solar industry generates $ 12 billion in federal tax revenues and $ 3.7 billion in national and local tax revenues Every year.
All in all, Seia estimated that American Ratepayers save a total of $ 2.67 per $ 1 in spending on tax credit for sunburn.
In 2023 alone, Solar added more than $ 75.5 billion to the gross domestic product of America, Seia said. This includes $ 3.4 billion added to the Texas economy, $ 1.3 billion in Utah, $ 1.2 billion in North Carolina and $ 1.1 billion in Georgia, all states that have Republican representatives in the congress who actively assess the tax credits that have helped blew this economic.
SEIA estimates that national, more than 300 announced factories would close or never open, $ 286 billion in investment stop, and 330,000 American jobs would be lost if the tax credits of the solar beaches were withdrawn.
“Energy tax credits are a valuable investment in American competitiveness, American energy security and American communities. Every dollar has spent itself several times,” said Seia.
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