1603 ITC (Investment Tax Credit) Grant-In-Lieu May Be Extended For Two Years Providing Considerable Upside To Solar Farm Investment

Within the United States in 2011, solar farm project demand is calculated to get to 1750MW driven by the utility scale installations. Given this 15% yoy decrease in panel selling prices per watt, unsubsidized solar system install charges will decline to $5-$6/watt with regard to non-commercial scale and $3.75-$4 for utility size, and that should help drive the U.S. marketplace demand up 119% yoy in 2011 versus 800mw in 2010. Relying on the latest developments in energy policy legislation, Commercial Solar Design suggests increased likelihood associated with an extension of treasury hard cash grant-in-lieu of 30% investment tax credit (ITC), and that could possibly add significantly to the upside regarding our forecast and enhance solar farm investment dramatically.

Non-residential installs are going to gain an increased share of the United States PV marketplace with 76% of the marketplace in 2011, up from 69% in 2010 (136% year over year). Due to the regulatory landscape, even though the crucial broad energy reform bill happen to be taken off the table, a "domestic manufacturing and energy jobs" bill presented in the House in the later part of July includes an extension of the cash grant-in-lieu of 30 % ITC (investment tax credit) . Commercial Solar Design is definitely advising that there is an improved chance of passage of this bill in congress when the US Congress assembles after the August recess. This specific bill is then likely to possibly be merged with the pending energy bill in the the House of Representatives or might be attached to the tax extender's bill later on this year. In general, passage of sustainable energy tax credits is definitely high on the agenda of tax committees in the Congress.

The discussion draft regarding "Domestic Manufacturing and Energy Jobs Act of 2010" unveiled within the last week of July confirms that the extension of this real money grant program for 2 years is the key solar issue contained in the bill. The draft excludes the much envisioned global warming bill including "cap and trade" and a national RPS (Renewable Portfolio Standard). This kind of watered down version of the "energy" bill is expected to be approved in the House when US Congress picks up after the August recess the week of Sept thirteenth. Nevertheless solar farm investment can certainly proceed with adequate internal rate of return (IRR) with or without a 1603 extension

The Treasury cash grant-in-lieu of the 30% investment tax credit (ITC) program was developed in August 2009 to offer an upfront cash grant equivalent to thirty percent of the applicable project cost to the renewable energy companies and also developers and including commercial and utility scale projects. A substantial majority of the contractors and developers did not have taxable revenue to apply the 30% ITC, and therefore, the hard cash grant program was obviously a major incentive for the photovoltaic contractors/developers. Because there seemed to be an absence of clarity around the taxability of the cash grant right until late April the incentive ended up being underutilized.

The Treasury hard cash grant program was a huge economic success and extension of the program provides substantial upside to solar farm investment and demand estimations in 2011.

1603 ITC (Investment Tax Credit) Grant-In-Lieu May Be Extended For Two Years Providing Considerable Upside To Solar Farm Investment
Commercial Solar Design is suggesting that there is a greater likelihood of passage of this bill in Congress when the Congress assembles after the August recess.

Solar Energy Farms Face Tricky Problems Regarding The Williamson Act Attempting To Fulfill AB32 Targets
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California Energy Commission Allows The Very First Solar Farm Thermal Venture In Twenty Years With Beacon Solar Energy Company
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Solar Panel Events Are Gaining Popularity As Solar Farming Gains Traction In America
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You Could Save Money By Collecting Solar Energy From The Sun
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