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TVA Halts Solar Incentive Program

The Tennessee Valley Authority (TVA) is halting an incentive program for businesses and homeowners to install solar power, according to a report on newschannel5.com.

The incentive program had provided customers with a 30 percent tax credit for using solar energy in addition to a credit to their electric bill. According to the report, the TVA has said it has already spent $31 million of the $50 million in the program’s fund since the incentive was created 14 months ago. The TVA has said it is putting a moratorium on the program due to excessive demand, particularly from major consumers of electricity. The program currently has pending applications worth $100 million pending.

The moratorium could create huge funding problems for solar installation companies that were depending on the credits to fund new installations. The TVA has said it is working on a short term solution before a decision can be made on whether to expand the scope of the program. That decision would have to wait until August.

Smyrna Rexall in Smyrna, Tennessee, recently decided to install solar panels on the roof of its retail store when its electricity bill doubled after moving its business into a bigger space. Michigan’s Detroit Edison is also offering $25 million in incentives for businesses and homeowners to install solar power.

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3 thoughts on “TVA Halts Solar Incentive Program

  1. Please note that the 30 percent Business Energy Investment Tax Credit (ITC) is a federal program that is still operational (until 2016) – independent of TVA’s regional Generation Partner incentive program. Thanks –

  2. people need these rebates and incentives to help them cover the cost of this beneficial investment. Solar needs to become affordable, if not through programs like this then how?

  3. Update: “The Tennessee Valley Authority announced Wednesday that it is resuming new enrollments in its Generation Partners pilot project to encourage renewable energy use across the TVA service territory. Qualifying solar, wind, biomass or hydroelectric projects of up to 200 kilowatts will be eligible for the Generation Partners incentives . .” – TVA website

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