Solar Project Forecast Dims With Tax Credit Sunset

Law360, New York (September 9, 2015, 7:51 PM EDT) -- The U.S. solar industry is enjoying a development boom with record levels of solar installation but the impending drop in value of the federal investment tax credit threatens to slow the momentum, with the utility-scale project pipeline in the biggest danger of drying up.

Industry group Solar Energy Industries Association issued a report Wednesday claiming the U.S. solar industry installed nearly 1,400 megawatts of generation capacity in the second quarter of 2015, the seventh consecutive quarter in which the U.S. added more than 1 gigawatt of solar installations and pushing total installations over the 20-gigawatt mark.

The investment tax credit, which...

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