U.S. Solar Industry Heads for Slump In 2017 If Tax Incentive Cut by Congress

摘要

The U.S. solar industry will slump in 2017 if Congress allows a key federal tax credit to lapse, Bloomberg New Energy Finance said in a report. The Investment Tax Credit is due to be cut at the end of next year, and the London-based research company expects total solar installations in the U.S. to surge to 11.3 gigawatts in 2016 as developers race to qualify. The following year, the market will plummet 70 percent, according to a report released Sept. 15. The pattern mirrors the swings of the U.S. wind market, which plunged 92 percent in 2013 after another incentive expired.