North Carolina Solar Industry Breaks 1,000-Megawatt Barrier, but Loss of Tax Credit May Slow Future Growth

SUGAR LAND--October 29, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--North Carolina recently became the fourth state with more than 1,000 megawatts (MW) of installed solar generation, and more than 300 MW of additional solar generation remain under construction. But beyond that, further growth of the state's solar fleet may be imperiled because the state's legislature did not extend a renewable energy investment tax credit beyond yearend 2015, according to a sustainable energy group. Within this article: Details on the status of large solar power projects in North Carolina, including those from major companies such as Duke Energy Corporation (NYSE:DUK).