Eyeing Tax Rewards, Big Cos. And PE Firms Back Solar

Law360, New York (January 23, 2012, 5:51 PM EST) -- The end of a federal grant system that doled out billions of dollars to solar energy companies may have been a blow to some players in the industry, but still-remaining tax benefits are proving to be a strong enough lure for rich corporations and private equity firms to invest in solar projects, experts say.

The U.S. Department of the Treasury's 1603 Program grants, which died a well-chronicled death at the end of 2011, paid $9.6 billion to support renewable energy projects over three years.

The grant...
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