The advent of the expiration of federal tax credits for solar energy next year has ramped up interest from investors keen to meet with solar companies that have projects ready for construction.
John Green, CEO of developer Innovative Solar Systems (ISS), claims that the company is conducting meetings with potential investors and buyers almost every day. The solar farms, which according to ISS are ready to be built, are appealing to investors who would still be able to utilize the federal investment tax credits when construction commences. The approaching end of the ITC is launching the interest of investors and buyers in projects that are prepared to begin working as soon as possible, according to ISS.
ISS develops solar farms and is based in North Carolina. In the past year the company has sold various projects, including IS42-75MW in Fayetteville, NC and IS46-80MW in Hope Mills, NC. The company is planning on developing over 1GW of projects across multiple states in 2016. ISS expects to sell 500MW of projects in 2015.