SolarCity has been accused of taking advantage of subsidies from the US government. Instead of these subsidies going to the consumer, SolarCity has been claiming them. SolarCity takes away a 30% tax credit while leasing solar panels to its customers. Most customers are unaware of the complicated laws that regulate solar policies. Solar City has come under frequent criticism of its unethical behavior in milking hundreds of millions of dollars in subsidies from the USA. Its sister concern Tesla, run by Elon Musk, is also facing the same criticism. One of the biggest issue that has come up with Solar City is the fact that it claims a 30% tax credit on its solar installation which is meant for its customers. It takes away the 30% tax credit, while leasing the solar panels to its customers who may face high electricity bills and do not get any share of the subsidy... hotair/archives/2014/07/12/solar-panel-company-pocketing-govt-subsidy-cash-intended-for-homeowners/
Posted on: Sat, 12 Jul 2014 16:16:30 +0000
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