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Credit the ITC for Ongoing Solar Boom

Posted March 20, 2016 12:00 AM by Engineering360 eNewsletter

The U.S. solar energy industry received an economic reprieve and incentive to grow with the recent multi-year extension of the federal investment tax credit (ITC). The extension to 2022 relieves the solar sector of pressure to complete projects by the previous December 2016 ITC expiration deadline, and should benefit global solar installations as well. IHS analysts predict solar systems worldwide to reach 66 - 68 GW in 2016, and grow to 70 - 73 GW in 2017. PV installations in the U.S. are expected to grow 60% year over year, reaching 15 GW in 2016.

Editor's Note: This news brief was brought to you by the Alternative & Renewable Energy eNewsletter. Subscribe today to have content like this delivered to your inbox

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Usbport
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Engineering Fields - Optical Engineering - Member Engineering Fields - Engineering Physics - Member Engineering Fields - Systems Engineering - Member

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Re: Credit the ITC for Ongoing Solar Boom

03/20/2016 1:40 PM

"California regulators may force a massive solar thermal power plant in the Mojave Desert to shut down after years of under-producing electricity - not to mention the plant was blinding pilots flying over the area and incinerating birds."

Article links to the original news report in the Wall Street Journal.

Read more: http://dailycaller.com/2016/03/17/obama-backed-solar-plant-could-be-shut-down-for-not-producing-enough-energy/#ixzz43Sx6z8HO

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