U.S. Solar: Record Year in 2014, Brighter Prospects in 2015 and 2016

SUGAR LAND--April 9, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The U.S. solar power industry had a record year in 2014, and it may have an even better one this year, as developers work hard to close deals with an eye on the calendar. New-build utility-scale solar power plants--both photovoltaic (PV) and concentrating solar power (CSP)--are eligible for a federal investment tax credit (ITC) of 30% if they are operating by yearend 2016. Homeowners and businesses that install solar units also are eligible for a 30% tax credit, providing those units are operating by yearend 2016. Industrial Info is tracking 76 active utility-scale solar projects scheduled to kick off this year.

Within this article: Details on the solar industry in the U.S., including the most prosperous regions and estimated investment values.