Tennessee Valley Authority cutting back solar incentives
BOWLING GREEN, Ky. (AP) -
The Tennessee Valley Authority is rethinking the way it treats solar power, and that has some environmentalists and local solar installers worried.
TVA officials say they aren't abandoning solar, but they are dropping a lot of the incentives. Staff recently presented plans to a TVA stakeholder's group that include capping solar incentive programs at just 20 megawatts in 2016, down from over 130 megawatts this year.
Chief Financial Officer John Thomas says solar can now compete with other sources of electricity on the open market, so it no longer needs special incentives.
Supporters of solar speaking before a TVA board meeting in Bowling Green on Friday said the utility is only looking at cost and not the environmental benefits to the people of the Tennessee Valley.
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