The Economic and Fiscal Impacts of Hawaii's Solar Tax Credit

Thomas A. Loudat; Prahlad Kasturi

Makale detayları

The Economic and Fiscal Impacts of Hawaii's Solar Tax Credit

Yazarlar:

Thomas A. Loudat | Prahlad Kasturi

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2017 Vol.7 Issue 1, pp.224-252

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000816188

Sıklık:

İki Aylık

eISSN:

2146-4553

Özet:

 

This research paper assesses the economic and fiscal impacts of Hawaii’s solar tax credit-stimulated solar installations.  The method entails estimating the economic effects created by i) the purchase of a solar system as well as ii) of the alternatives foregone. Our study shows that the State receives full repayment of its solar credit investment in 9 to 15 years. For each solar credit dollar spent, the State receives 1.97to1.97to1.97 to 2.67 dollars in additional tax revenues. The fiscal results of the tax credit reported by this research have been replicated in a federal solar tax credit study published by the US Partnership for Renewable Finance USPRF (2012) that estimates an IRR of 10% for the government’s tax credit “investment” in residential solar systems. The findings of the federal study comports closely with our Hawaii’s estimate of an IRR of 9.5% for residential and 11.1% for commercial solar systems.

Makale detayları

The Economic and Fiscal Impacts of Hawaii's Solar Tax Credit

Yazarlar: Thomas A. Loudat | Prahlad Kasturi

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Energy Economics and Policy 2017 Vol.7 Issue 1, pp.224-252

Belge Tipi: Makale

Yayın Tarihi: 2/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000816188

Sıklık: İki Aylık

eISSN: 2146-4553

Sayı

Yazarlar:

Thomas A. Loudat | Prahlad Kasturi

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Energy Economics and Policy 2017 Vol.7 Issue 1, pp.224-252

Belge Tipi:

Makale

Yayın Tarihi:

2/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000816188

Sıklık:

İki Aylık

eISSN:

2146-4553