1603 ITC (Investment Tax Credit) Grant-In-Lieu Might Be Extended For Two Years Offering Important Benefit To Solar Farm Investment

Within the USA in 2011, solar farm installation demand may be estimated to reach 1750MW driven by the utility scale installs. Because of a 15% year over year drop in solar panel prices per watt, unsubsidized project install rates are going to move to $5-$6/watt regarding small commercial scale not to mention $3.75-$4 for utility scale, which in turn should help pump the American sector demand up 119% yoy in 2011 vs. eight hundred megawatts in '10. Based on the latest developments with regard to energy policy legislation, Commercial Solar Design points to increased likelihood involving an extension of treasury real money grant-in-lieu of thirty percent ITC (investment tax credit), which could possibly contribute appreciably to the upside regarding our outlook and strengthen solar farm investment enormously.

Non-residential installations will gain an increased share of the American solar farm marketplace with 76% of the market place in 2011, way up from sixty nine percent in 2010 (136% yoy). In terms of the regulatory landscape, even though the major comprehensive energy reform bill happen to be taken off the table, an important "domestic manufacturing and energy jobs" bill introduced in the US House of Representatives in late July included an extension of the hard cash grant-in-lieu for 30 % ITC (investment tax credit) . Commercial Solar Design is in fact hinting that that there does exist a greater likelihood of passage of this bill in the legislature after the United States Congress assembles after the August break. This valuable bill is subsequently expected to be merged together with the energy bill in the the US House of Representatives or might be connected to the tax extender's bill down the road in 2010. Overall, passage of renewable energy tax credits is without a doubt high on the agenda of tax committees in the United States Congress.

The discussion draft connected with "Domestic Manufacturing and Energy Jobs Act of 2010" unveiled during the last week of July includes the fact that the extension of the cash grant program for 2 years is the paramount photovoltaic issue contained in the bill. This draft limits the very much anticipated climate change bill including "cap and trade" and a nationwide Renewable Portfolio Standard (RPS). This kind of watered down version of the "energy" bill is anticipated to be enacted in the US House of Representatives when Congress resumes after the August break the week of September thirteenth. Nevertheless solar farm investment will continue because of acceptable IRR (internal rate of return) with or without a 1603 extension

The Treasury hard cash grant-in-lieu of the thirty percent investment tax credit (ITC) program was developed in August '09 to give an upfront real money grant equal to 30% of the applicable project price tag to the solar farm building contractors and also developers and including commercial and utility size projects. A significant majority of the contractors and developers don't have taxable income to make use of the 30% ITC (investment tax credit), and as a consequence, the real money grant program was obviously a substantial incentive for the solar energy contractors/developers. When you consider that there was a lack of clarity surrounding the taxability of the real money grant right until late April the incentive ended up being underutilized.

This Treasury real money grant program has been a major success and extension of the program provides major benefit to solar farm investment and demand approximations in 2011.

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