U.S. Solar Developers Plan Brisk Pace of Construction Kickoffs

SUGAR LAND--May 18, 2016--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Solar Power is shining brightly in the U.S., where developers have scheduled construction starts for 169 projects totaling $25.67 billion between the start of 2016 and the end of 2020, according to Industrial Info's North American Industrial Project Database. Under legislation passed last December by Congress, solar projects that begin construction before the end of 2019 are eligible for a 30% investment tax credit (ITC). That tax credit drops to 26% for projects that begin construction in 2020, 22% for projects that begin construction in 2021 and 10% for projects that begin construction in 2022 or after. Within this article: Lists the largest utility-scale solar projects scheduled to kick off before the end of 2020 that Industrial Info is tracking