U.S. Solar Is Rushing to Cash in on a Shrinking Tax Credit

U.S. solar companies are rushing to get billions of dollars of projects on the books to cash in on a federal tax credit that’s scheduled to shrink at the end of the year.

First Solar Inc. is fielding interest from customers who want to source equipment from the solar panel manufacturer before the credit phases out, according to Chief Executive Officer Mark Widmar. NextEra Energy Inc. said in July that it was developing a plan to take advantage of the credit while it still can. Rooftop solar installers Vivint Solar Inc. and Sunrun Inc. are among those exploring the strategy. ...