03 Jan '13, 8pm

What's missing for #solar in the fiscal cliff deal

immediate relief to the wind industry , which saw a last-minute extension of its vital production tax credit (PTC) following an anxious pre-expiration stretch that has already led to industry layoffs. But for the solar sector, on the other hand, the impacts of the legislation are mixed. Although the deal brought some welcome news, uncertainty still looms as the new Congress seeks to avoid triggering sequestration by its new deadline of March 1. Solar projects currently utilize a 30% investment tax credit (ITC) scheduled to remain in effect through the end of 2016. The solar ITC remained unaltered by the fiscal-cliff deal. The wind PTC and other non-solar renewable energy incentives received a favorable language change allowing projects to take advantage of tax credits as long as they "commence construction" by the deadline, rather than needing to be "placed in service" in ...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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