Wednesday, August 23rd, 2017

Shift in U.S. federal solar funding needed for large-scale deployment: report

By Yeganeh Torbati WASHINGTON (Reuters) – The United States must redirect spending from wasteful solar power tax credits and prepare the electricity grid for large-scale solar energy use if the industry is to play a significant role in lowering carbon emissions, a report led by MIT researchers said on Tuesday. Current tax incentives aimed at encouraging users to install solar technologies fail to reward actual energy produced, said the authors of the report, published by the Massachusetts Institute of Technology Energy Initiative, which promotes adoption of renewable energy. Solar energy received approximately $5.3 billion in federal support in the 2013 fiscal year, up from about $1.1 billion in 2010, according to the U.S. Energy Information Administration.


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