Solar incentives sunset as states grapple with tight budgets

[...] the plug will be pulled this year since lawmakers concerned about a state budget crisis did not approve a measure that would have extended the popular incentive through 2024.

While states have adopted hundreds of different policies and incentives related to various sources of renewable energy and energy efficiency, 16 states had specific programs that offered personal tax credits for solar.

According to a report released last month by the Clean Energy Technology Center, state policies and regulations that substantially affect the financial viability of roof-top business and residential solar are experiencing considerable uncertainty and volatility despite the industry's growth, falling prices and the federal government's extension of its 30 percent tax break.

Utilities have fought back over the years by lobbying lawmakers and state regulators to change metering policies and reduce incentives, arguing that the solar industry can stand on its own.

[...] in New Mexico, supporters blame the expiration of the solar tax credit on a budget crisis that saw new revenues dwindle to just a fraction of what lawmakers thought they were going to have available this next fiscal year.

"[...] we're shooting ourselves in the foot by not extending this," Stewart said.