Investment Tax Credit sunset date looms ahead
USA: The Investment Tax Credit (ITC) has been called the cornerstone of continued growth in the US solar market. At the end of 2016, the credit will drop from 30% to 10%, and will be limited only to businesses. What will this mean for the United States solar PV market?
Most of the world’s large PV markets have been driven by feed-in tariffs – single monolithic policies that set market design at the national level. The United States has not followed this model. Instead, the nation’s 50 states have very different solar markets that are largely driven by state policies, including both renewable energy mandates …
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