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    LIE


    The U.S. solar industry receives too many subsidies

    TRUTH

    Many young industries needed government subsidies to succeed


    Subsidizing solar energy fits with the historical role of helping early technologies. A 2012 report by the Howard H. Baker Jr. Center for Public Policy stated, "Solar energy technologies are currently in the rapid growth stage between early adoption and the chasm that comes before majority adoption where government incentives can be most critical in helping new energy technologies become significant sources of energy production." It reviewed the history of public funding for energy and other areas and found that solar incentives are similar to those that have been historically provided:

    Incentives provided to the solar industry are consistent with those provided in the developmental stages of all other energy sources that the federal government has chosen to incentivize for public policy purposes. Evidence from recent years' deployment of solar power suggests that solar incentives are working. Under these circumstances, the solar power industry can provide employment benefits, global market opportunities, and a resource to meet peak power demand at minimal marginal cost.

    That report found that the federal investment tax credit for solar is a "long-term stable instrument that could help solar energy cross the 'chasm' to early majority adoption."