U.S. Solar Tax Credit Extension Would Fuel Growth But Not Enough

Extending a federal program that provides tax credits for solar investments could boost photovoltaic (PV) system deployments by 44% over the next decade, according to consultant Wood Mackenzie.

• A proposal being debated in Congress as part of the budget reconciliation process would extend the investment tax credit (ITC) to cover projects that begin construction by the end of 2032
• Still, an extension of the ITC will not spur enough solar deployments to achieve 80% carbon-free electricity generation by 2030: Wood Mackenzie
• Wood Mackenzie analysis finds cumulative installed solar capacity would reach 528 gigawatts by 2030 if ITC extended, about 26% ...