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The Dark Side of Solar Power

hbr.org · 254 words · saved by 1 readers

It’s sunny times for solar power. In the U.S., home installations of solar panels have fully rebounded from the Covid slump, with analysts predicting more than 19 gigawatts of total capacity installed, compared to 13 gigawatts at the close of 2019. Over the next 10 years, that number may quadruple, according to industry research data. And that’s not even taking into consideration the further impact of possible new regulations and incentives launched by the green-friendly Biden administration. Solar’s pandemic-proof performance is due in large part to the Solar Investment Tax Credit, which defrays 26% of solar-related expenses for all residential and commercial customers (just down from 30% during 2006–2019). After 2023, the tax credit will step down to a permanent 10% for commercial installers and will disappear entirely for home buyers. Therefore, sales of solar will probably burn even hotter in the coming months, as buyers race to cash in while they still can. Tax subsidies are not t

Sustainable business practices The Dark Side of Solar Power As interest in clean energy surges, used solar panels are going straight into landfill. by Atalay Atasu , Serasu Duran and Luk N. Van Wassenhove June 18, 2021 HollenderX2/Getty Images Summary . Solar energy is a rapidly growing market, which should be good news for the environment. Unfortunately there’s a catch. The replacement rate of solar panels is faster than expected and given ... more Leer en español Ler em português Post Post Share Save Get PDF Buy Copies Print It’s sunny times for solar power. In the U.S., home installations o

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