ITC ruling could have an impact on the solar energy industry

Solar Energy Industry - Solar Panels

ITC finds that imported solar panels have been a problem for domestic companies A recent ruling from the International Trade Commission (ITC) could have a major impact on the solar energy industry in the United States. The organization is now suggesting that low-cost, imported solar panels, specifically from China, have caused problems for two domestic panel manufacturers. These companies are Suniva and SolarWind, which may have experienced some economic damage due to the influx of solar products that have been manufactured outside of the United States. Companies are having trouble…

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Solar energy market faces challenges in the US

Investors are showing concern for the solar energy market The solar energy market may be in for a turbulent future, despite history of growth this sector has experienced in recent years. This year may become one of the most uncertain years in terms of support for solar power. According to the Solar Energy Industries Association, solar installations are on the rise. More homeowners and businesses are embracing solar power as a way to become environmentally friendly and save money on electricity. The problem, however, is that solar stocks are underperforming,…

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Financial aid for hydrogen fuel cells may be coming to an end in the US

ITC expiration could have consequences for renewable energy in the US The Business Energy Investment Tax Credit (ITC) is set to expire soon in the U.S., unless Congress takes steps to resolve this issue. The ITC provides financial support for those developing renewable energy systems. This financial aid is needed due to the relatively high cost of developing these systems. The Fuel Cell and Hydrogen Energy Association has urged federal lawmakers to extend the ITC, which is set to expire at the end of the year. Hydrogen fuel cells continue…

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Solar energy tax credit may not be a bad move for the US

Wind Energy Tax Credit

Tax credit a subject of political controversy Alternative energy is becoming an increasingly political affair. This is particularly the case with solar energy, which has managed to gain a great deal of support over the past few years. Solar energy has established a strong foothold in many parts of the world, where its economic potential is often highlighted. In the U.S., the majority of solar energy projects are supported by the investment tax credit (ITC). The ITC has been a point of controversy amongst politicians because of the possibility that…

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