Read here. With U.S. state budgets under tremendous pressure to balance budgets, many are cutting expenses, including those lucrative subsidies for solar installations. Now that solar subsidies have been reduced or eliminated, solar home and business installations rarely make viable economic sense.
Tennessee and Oregon are two recent states that are pulling the plug on solar.
""While the state has put great emphasis on solar technology in recent years, bringing that technology to bear in Tennessee homes and businesses is proving a difficult task because of the high cost of installation, which is becoming increasingly hard for the state and its citizens to swallow. Wednesday, the Tennessee Solar Institute announced it would stop processing applications for further grants as it exhausts about $10 million of stimulus funds encouraging businesses to invest in solar technology."......""Without the tax credits, the economics of commercial solar projects don't work, for electricity buyers or investors who underwrite the projects.""
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