It has been an incredibly busy week in the U.S. solar markets with questions over the government approval of the Investment Tax Credits extensions being debated. We have decided to synopsise all of the stories, opinions and blogs in this story to form one point of reference on the unfolding saga. Use the links below to access individual articles.
Initially, it seemed that all was lost when the U.S. House of Representatives recessed without having made a decision on a major tax relief package, which would see the extension of solar investment tax credits and the renewal of R&D tax credit.
The tax bill was then to be attached to the now-infamous $700 billion economic rescue package, as the industry waited with bated breath for the Senate’s vote last Wednesday.
We then featured a piece by Barclay’s Capital Solar Energy Equity Research Analyst Vishal Shah, following the passing of the legislation by the Senate on Wednesday. Mr. Shah gave a rundown of the stages involved in passing a bill such as this, and the repercussions to be expected in the medium to long term.
Following the bill’s being passed by Congress later last week, we presented the good news as contrasting sorely with the unexpected drop in share stocks for industry giants First Solar and Suntech.
In the run-up to the Solar Power International conference next week, we covered SEPA’s reactions to the bill’s passage here.
For all the latest as the ramifications unfold, stay tuned to www.pv-tech.org.
By Síle Mc Mahon