The proposed Investment Tax Credit (ITC) extension is greatly welcomed by power industry associations and developers. Cost-effectiveness is better observed in these large-scale utility projects, as they achieve break-even faster – as the generation is bartered for the long term. Hence, GlobalData expects that rejection of the extension would greatlyRead More

  Solar investment is a local issue, which is why a bipartisan group of 231 mayors from Tacoma, Wash to Ft. Lauderdale, Fla. sent a letter to Congress (see here) urging them to pass the Renewable Energy Extension Act and extend the solar Investment Tax Credit (ITC) for five years.Read More

The Solar Energy Industries Association (SEIA), alongside a broad coalition of energy trade and advocacy organizations, filed a letter urging Congress to modify the tax code to include energy storage as an eligible technology for the investment tax credit (ITC). Following is a statement on the effort from SEIA presidentRead More

The Internal Revenue Service released guidance establishing when construction starts for solar projects under tax law, allowing developers to invest with confidence in new solar projects. “The IRS has taken an important step forward with this guidance and provided certainty that will help solar project sponsors finance and build moreRead More

Innovative Solar Systems LLC (ISS), one of the largest developers of utility scale solar PV systems in the country, has been hyping a capital raise this year to really ramp up its solar farm project pipelines. Well, post-ITC extension this is ramping up even more. John E. Green, CEO forRead More

It is Monday, and the solar industry is nursing a hangover after a weekend spent celebrating the extension of the Investment Tax Credits (ITC). Funny how quickly the mood changed regarding this possibility. Only a month ago we started asking readers for their wild predictions for 2016, and not manyRead More

As the solar industry eagerly awaits the outcome of the omnibus spending bill that includes a five-year extension to the solar investment tax credit (ITC), there is not much left to do other than speculate, which is what the folks at GTM Research are doing. According to their analysts, thisRead More

SEIA’s Rhone Resch reports this morningan omnibus appropriations bill was filed by congressional leaders that provides a long-term extension of the solar investment tax credits (ITC). “This bipartisan agreement represents a powerful victory for our industry and will provide a stable investment environment for the next 8 years,” Resch stated.Read More

The Investment Tax Credit discussions are heating up. We brought you the opinions of two notable solar CEOs last week to broaden the perspective, and now we bring you the most recent comments from Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA). Resch sent out anRead More

Leading into 2016, we’ve had a bunch of conversations, on and off the record, regarding what is going to happen with the Investment Tax Credit and beyond. No one is totally sure what will happen, but most seem in line with SEIA and think the drop off will be a killerRead More