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Clean Energy Federal Budget Cuts

 


With the increase in jobs nationwide and the the prices becoming more and more affordable for clean renewable energy, it is hard to believe that the federal government would cut funding for departments in charge of meeting the the goal set by the Obama administration for renewable energy. In order to achieve its goals, the Obama administration set up a 30% Investment Tax Credit for people wanting to go solar and even for switching to energy efficient ACs, pool pumps, and so on. With a new budget plan out there under Trump, however, it looks like that incentive to go green may be slipping away fast.

The Environmental Protection Agency would see the biggest budget cuts of any government agency under Trump’s plan, falling by 31 percent or $2.6 billion. As a result, the EPA would have to shed approximately 3,200 of its 15,000 employees.

The proposed budget also “discontinues funding for the Clean Power Plan, international climate change programs, climate change research and partnership programs, and related efforts,” according to the blueprint.

The Department of Energy would see a 6 percent budget decrease, including a $900 million, or 20 percent cut to the Office of Science, which supports more than 300 universities and 10 of the 17 U.S. national labs. Trump has also proposed to eliminate the Loan Programs Office, which invests in the deployment of innovative clean energy technologies, as well as Advanced Research Projects Agency-Energy (ARPA-E), a widely supported program designed to progress early-stage energy technology.

It is tough to say when this tax credit might be no longer available, and it is equally difficult to tell if there will be any similar programs put in place from state to state. With California being one of the leaders in the movement to clean, renewable energy, there may be some options for business and homeowners to continue taking advantage of government programs to help subsidize going green. With all that being said, the time to move on going solar would be much sooner rather than later. If you have, or even currently are thinking about going solar we would recommend initiating the process and getting quotes as soon as possible. It would be in your best interest to get your foot in the door before it closes and make sure that you can save money now.

 


Greentech Media: What Budget Plan Means for Clean Energy