I can tell you with absolute certainty that the ITC increases the "purchase price" of some systems because the finance companies are lumping in their interest in the way of dealer fees. This buydown of the interest rates is being funded partially by the taxpayer. In my opinion, this is not in our best interest (as taxpayers).
Other than that, I think it would be a tough argument to say that the ITC increases the cost of solar. While it surely increases demand, it has also invited tremendous competition and economies of scale. If the ITC was lost, I think pricing would have to increase to make margins workable at a lower installation volume for the companies that are able to survive. This is all speculative, but I do have a degree with a major in Finance and a minor in economics, so I'm not completely speaking out of school. Jason Szumlanski Principal Solar Designer | Florida Solar Design Group NABCEP Certified Solar Professional (PVIP) Florida State Certified Solar Contractor CVC56956 Florida Certified Electrical Contractor EC13013208 On Wed, Feb 28, 2024 at 11:47 AM Jay via RE-wrenches < [email protected]> wrote: > A question maybe someone/s can answer or offer up some thoughts. > > A neighbor who’s an economist asked me the following question > > Does the 30% ITC increase the cost of solar? > > By which he ment that are installers, wholesalers, etc increasing the cost > of product and installations because of the ITC? > > I figure it adds something but not 30%. However I have no data to go on. > > Anyone know anything I might tell him or a link to a study etc? > > Thanks in advance > > Jay > > > > > _______________________________________________ > List sponsored by Redwood Alliance > > Pay optional member dues here: http://re-wrenches.org > > List Address: [email protected] > > Change listserver email address & settings: > http://lists.re-wrenches.org/options.cgi/re-wrenches-re-wrenches.org > > There are two list archives for searching. When one doesn't work, try the > other: > https://www.mail-archive.com/[email protected]/ > http://lists.re-wrenches.org/pipermail/re-wrenches-re-wrenches.org > > List rules & etiquette: > http://www.re-wrenches.org/etiquette.htm > > Check out or update participant bios: > http://www.members.re-wrenches.org > >
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