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Fred Limbocker's picture

Not just the "already rich" benefit from incentives.

I am involved in the financing of commercial solar installations and, yes, the tax incentives generally go to large corporate taxpayers who do get shelter, but the solar user, who cannot use these tax benefits effectively, benefits from the significantly reduced lease rates (they are negative). The tax benefits are passed through 100% to the end-user via these reduced payments, which are necessary to compete with utility rates.

If you remove the incentives, you kill the economics of solar, at least in the near term. As the cost of solar panels and installation are reduced over the next several years, the incentives become less critical to justifying solar systems economically.

We do still have subsidies for the oil industry, whom I’m sure you would agree are the “super” rich, not the rich.

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