Posted by: Bob Best
Energy & Sustainability Services
Now is the time to move ahead with solar installations.
The federal investment tax credit (ITC) runs out at the end of 2016, and they can cover as much as 30% of the cost of a solar installation.
The rush is on now, because the ITC applies to projects that are producing power by the end of 2016, meaning that projects must essentially be into construction before late 2015.
Will the ITC be extended? Impossible to predict, but most experts doubt the incentives will be continued at the current level.
So, the next two years will see an incredible surge in U.S. solar capacity, with 2016 nearly doubling the level of new solar capacity in 2014.
Anyone thinking about solar should stop thinking about it and act … immediately.