
Senator Bernie Sanders (I-VT) introduced a new bill that is designed to help promote the use of Photovoltaic panels in the U.S. by covering up 50% of the costs of a PV system. This bill would be in place for a decade.
To be eligible for this, the recipient has to be a homeowner, business, no profit entity, or local government, and located within the United States. The total capacity of the system can’t exceed 4 MW.
In a very smart addition, the building ALSO has to meet standards. The building the PV system is for, new or renovated, has to achieve no less than a rating of 75 under the Energy Star Program.
The amount of the rebate is atleast $3 per watt of installed capacity, the total rebate will not exceed 50% of the cost of purchase and installation.
The full downloadable text version is here. This will be filed on Monday. Co-sponsors are John Kerry (D-MA) Ben Cardon (D-MD), Arien Specter (R-PA) John Warner (R-VA), and Robert Mendez (D-NJ).
This will be added to the state and local incentive already available in most states.
If you would like to make a comment, please fill out the form below.
You must be logged in to post a comment.