Full Title: The Expansion of Distributed PV in the Age of the Grid Edge
Author(s): N/A
Publisher(s): Energy Solutions Forum
Publication Date: March 1, 2014
Full Text: Download Resource
Description (excerpt):
Solar energy provides the opportunity for electricity production with no direct greenhouse gas emissions. Investment tax credits (ITCs) for solar energy projects, federal funding programs, and state renewable energy portfolio standards have increased the industry’s ability to complete utility-scale, residential, and commercial installations. The Energy Policy Act of 2005 created a 30 percent ITC for commercial and residential solar energy systems. The ITC provides a stable incentive for solar projects and reduces tax liability for purchasers of qualifying solar energy technologies. The ITC’s multiple-year extension (under the Emergency Economic Stabilization Act of 2008) through 2016 provides market certainty for long-term investments that drive competition and innovation. Since ITC implementation in 2006, solar installations have witnessed a compound annual growth rate of 76 percent.