Submitted by ThetaGangThroweway t3_zwj0ve in wallstreetbets
ThetaGangThroweway OP t1_j1wpjpg wrote
Reply to comment by BasedSliceOfWinning in Why Interest Rates Should Stay High (ish). by ThetaGangThroweway
Same end result. For solar especially, EVERY STAGE of the process has a tax write off up to 30% of the value of panel. Makers, installers, and buyers alike. The profitability of solar went up accordingly the moment these tax breaks went into effect. It's not unreasonable to believe panel cost would rise by 50% if these subsidies were removed.
And BTW, tax breaks on job producing infrastructure is exactly what ecoterrorists are referring to when they lie and say oil giants are heavily subsidized. Not saying you're one of those guys, but you definitely can't have it both ways.
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