Solar ITC Extension is Close!

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GTM reports on the impact of the extension of the Solar ITC which will be voted on by Congress Friday, December 18th: “A five-year extension to the solar investment tax credit (ITC), which is currently included in the omnibus spending bill under consideration in Congress, would result in 25 gigawatts (GW) of additional solar capacity over the next five years — a 54 percent increase over a no-extension scenario.”

Terrific news for for GroundWork: “The impact will be most pronounced in the utility-scale sector, where ITC extension will increase deployments 73 percent through 2020.”

Goldman Sachs’ Report on the Low Carbon Economy

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The Low Carbon Economy is an informative report highlighting the importance of LEDs, solar PV, onshore wind, and hybrid & electric vehicles in the emerging low carbon economy. These technologies are taking market share in lighting, power generation, and autos. In the process they are delivering emission reductions at the Gigatonne scale! A must read!