Letters: Tax credits help fund solar, wind power
The distinction between fossil-fuel and renewable-energy incentives in a commentary ("That subsidy exclusively for Big Oil? No such thing," Sept. 7) fell flat. Wind and solar industries in this country are primarily incentivized through tax cred
ISSUE | CLEAN ENERGY
Tax credits help fund solar, wind power
The distinction between fossil-fuel and renewable-energy incentives in a commentary ("That subsidy exclusively for Big Oil? No such thing," Sept. 7) fell flat. Wind and solar industries in this country are primarily incentivized through tax credits, not government grants or loans. Tax credits - no matter what the energy source - leave more money in the private sector for investment, and for good reason, as more American-produced energy takes us closer to energy independence.
But there isn't an even playing field. All renewable sources combined make up just 14.8 percent of cumulative federal energy incentives since 1947. Yet, wind and solar power are increasingly the cheapest option on the electricity grid. Renewable tax credits are working as intended, driving down costs and helping spur industries that employ nearly 300,000 Americans - including 3,500 solar and wind jobs in Pennsylvania.
Based in Willow Grove, my company makes solar-powered charging stations for mobile devices that are sold in Pennsylvania and around the country.
Jim Innes, CEO, CarrierClass Green Infrastructure, Willow Grove