Here are some key financial incentives that could help expand solar power adoption in the US:
- Renewable Energy Tax Credits: Extend and expand the existing solar Investment Tax Credit which provides a 26% tax credit for residential and commercial solar systems. This helps offset upfront costs and encourages more homeowners and businesses to install solar.
- Green Bank: Establish a national "green bank" to provide low-interest loans and financing for large-scale solar and renewable energy projects. This helps drive investment in new solar farms and manufacturing plants.
- Feed-in Tariffs: Implement a national feed-in tariff program which pays above market rates for solar power exported to the grid. This long-term pricing certainty encourages more