Various utility scale solar energy development projects have been preparing for an inevitable drop in solar Investment Tax Credits from 30% of a given project’s cost to just 10% by the start of 2017. It seems likely that this would impact developers’ desire to begin new solar power projects. Is anyone doing anything about this?
Ken Johnson, chief spokesman for the Solar Energy Industries Association, the main solar trade group, said that his group planned to lobby Congress to extend the credit beyond 2016. “That’s our top priority for this session of Congress,” he said, adding that developers across the solar industry were “trying to do as much as possible before it drops to 10 percent in 2017.
Read the full article at New York Times: “Worry For Solar Projects at the End of Tax Credits”