US Solar Industry Year in Review 2008
Report Overview
The U.S. solar energy industry grew to new heights in 2008 and many industry observers expect that growth to continue in 2009. Total capacity grew by 1,265 megawatts (MW)1 in 2008, up from 1,159 ...expand
The industry saw some of the most significant national solar policy victories in history in late 2008. The
Emergency Economic Stabilization Act of 2008 (EESA), passed on October 3, extended the 30-percent solar
Investment Tax Credit (ITC) for eight years, lifted the cap for residential PV installations, allowed application of
the tax credits against the alternative minimum tax (AMT) and removed the prohibition against utilities’ use of
the ITC. This long-term policy stability will help companies in the U.S. solar market make longer-term investment
decisions and attract better financing.
