Legal and Institutional Implications of Providing Financial Incentives to Encourage the Development of Solar Technologies
The legal basis to provide financial incentives is found in the enumerated powers of the Constitution for the exercise of federal authority, the police and tax powers for the exercise of state authority, and state delegated powers for the exercise of local authority. These powers are limited by the federal and state constitutions, and the scope of delegated authority. The major types of financial incentives are tax incentives, including income tax deductions and credits, accelerated depreciation allowances, tax-exempt bonds, and reduction in property and sales taxes; loan incentives, including low interest loans, government guaranteed and insured loans, and elimination of statutory and secondary market constraints; and government transfer incentives, including grants in aid from all levels of government. Other incentives that will indirectly affect the financing and availability of solar energy technologies include eliminating or reducing financial incentives benefiting competitive energy sources, government action to insure the operation of solar energy equipment, government-sponsored education, research, and development programs, government demonstration and procurement programs, and placing priority on rapid passage of solar energy legislation dealing with financial incentives. In most cases, a financial incentives program constituting one or more of these incentives will probably not confront any major, unique, legal or institutional impediments. The minor impediments that do exist can usually be eliminated by preventive legislation.
- Research Organization:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 5914898
- Report Number(s):
- SERI/TR-62-269
- Country of Publication:
- United States
- Language:
- English
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299001 -- Energy Planning & Policy-- Solar-- (1989-)
COAL INDUSTRY
DEMONSTRATION PROGRAMS
DEPLETION ALLOWANCES
EDUCATION
ELECTRIC POWER INDUSTRY
ENERGY
ENERGY SOURCES
FINANCIAL INCENTIVES
FINANCING
INDUSTRY
LEGAL ASPECTS
LEGAL INCENTIVES
LEGISLATION
NATURAL GAS INDUSTRY
NUCLEAR INDUSTRY
PETROLEUM INDUSTRY
PROCUREMENT
RENEWABLE ENERGY SOURCES
SOLAR ENERGY
SOLAR INDUSTRY
TAXES
TECHNOLOGY UTILIZATION
incentives
solar