The Price of the Expiring ITC

Posted on August 23, 2008 by Adam Walters

In one of the most critical and vibrant arenas of the U.S. economy, the looming expiration of the ITC is weighing heavily on solar developers and manufacturers. 

Bend, Oregon-based PV Powered has announced it has laid off some of its 60 employees in anticipation of the sunsetting Investment Tax Credit.  This week Oregon Public Broadcasting interviewed PV Powered's CEO Gregg Patterson, who summed up the mood in the solar industry with his statement:  “I find it horribly ironic and paradoxical that at the same time we are struggling with energy independence, that the Congress and the current Administration can't solve this issue.”

We'll be watching Congress this fall to see if it can avert an upheaval of the solar industry and development  in the U.S.  Stand by.

 

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