PROVIDES A 50% FEDERAL TAX CREDIT FOR INSTALLING SOLAR PANELS ON ONES HOME to save money and reduce dependence on foreign oil.
This measure rebates 50% of the cost of installing a qualified Solar PhotoVoltaic Generating system on the roof of any home or business in the United States payable from the taxpayer's reduced tax liability. .
The cost of a Solar Panel Installation, Photo-Voltaic, can cost as much as $40,000 to $50,000 for the average American home. This often prevents a homeowner from installing a solar system even though they can sell some of their electrical production back to their utility. When tax credits are applied to the purchase of solar installations, the average homeowner is paid back on their investment in only a few years. After that, their energy is free. Therefore, the penetration of homes in the United States that can profitably convert to solar energy becomes the vast majority of homes. This makes a significant dent in this nation's dependence on foreign oil for our energy.
By having a larger proportion of homes in this country powered by the Sun, it would reduced our consumption of oil based forms of energy and this would benefit the rest of society through lower prices, due to the decrease in demand, and cleaner air to breathe since solar energy has no by-products nor any emissions of any kind.
Some will argue that a tax credit for Solar Power Installations would cut government revenues so drastically that the government would have to make up the difference and if that is the case, let another NATIONAL BALLOT MEASURE be proposed that delivers the extra revenue to the government. As long as the majority of voters support a tax raise in other areas to pay for this highly beneficial policy.
VOTE NOW or read on.
Even if we do not replace the revenue lost to the government from this proposal, this would still make sense. Our Government has grown far too big and inefficient and they need to trim the number of government workers anyway. Proof of this statement comes to any objective person when you learn that the Dept. of Energy has over 30,000 employees and a yearly budget of 100 Billion Dollars. Yet, all of these people and all of this money taken from the taxpayer has not produced one WATT of electricity or one solar panel. This bureaucracy, if anything has served to STIFLE innovation in this country and frustrated the production of alternative forms of energy. If a government bureaucracy evolves into a branch of the Oil Companies, this is certainly not the kind of thing the taxpayer is willing to pay for. In fact, the taxpayers deserve a REBATE for all the years they have sent taxes to their government to be spent in this way. This proposal does just that.