SolarCity (and other 3rd party funders like Sunrun and Sungevity) are being questioned by the US Dept. of Treasury – not about how effective solar power is, but because Ms. Molly Podelefsky, a PhD candidate at Univ of Colorado, and others claim in their research that they have inflated the value of their installations to increase ITCs (30% solar federal tax credits) for investors. Jonathan Bass, VP of Communications of SolarCity, pointed out that no one would pay an additional dollar for 30 cents of tax benefits. To learn more about solar tax credits and how you can implement projects – adhering to all the correct regulatory frameworks – contact us.
See also: http://www.greentechmedia.com/articles/read/Why-Treasury-is-Investigating-SolarCity-and-Solar-Third-Party-Funds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+GreentechMedia+(Greentech+Media)