The US government will stop the tax credit for investment in solar energy in 2016
Thus, US companies are trying to complete their projects.
Throughout 2014 every three minutes in the United States, the new project in the field of solar energy was entered, and the number of jobs increased from 15,000 in 2005 to 174000. The Energy Policy Act, which was adopted in 2005 and provide tax benefits for investments in solar energy systems that are used in the commercial and residential sectors, made possible this substantial growth. The benefit was 30%. By 2007, these measures ensured a doubling of the volume of installed solar capacity. In 2008, the US Congress extended the act for 8 years, allowing solar energy to become one of the fastest growing industry. Besides, the cost of per watt has decreased from US $ 7.5 in 2009 to 2.89 in 2013 dollars thanks to tax breaks.
But in December 2016 the tax benefits will be reduced to 10% for producers and they will be canceled for consumers, which led to massive investment. In February this year, the Apple Company announced a 25-year power purchase agreement with the First Solar's California Flats Solar company Project in Monterey County. The station is about 12 square kilometers in California, and the agreement of about 848 million dollars became the largest corporate purchase in the history of solar energy.
Joe Kishkil, commercial director of the First Solar Company, said that the investment of the Apple Company became the tool that helped not only to finish the project, but also significantly increase the energy safe by using the solar power in California. Subsequently, the energy generated in California Flats will not only provide cost savings through the use of renewable energy, but also reduce the level of the impact of greenhouse gases on the environment.
Following the announcement of the Apple Company, the Google Company said that it would invest 300 million dollars to the SolarCity Company - the largest operator in the market of American solar energy industry, which owns stations in 14 states and the District of Columbia. The volume of the capital of the SolarCity Company is 750 million dollars and it is the highest rate among the companies providing solar energy in the residential sector.
"We are glade to support the SolarCity Company in their aim to help the public to reduce the pollution and save money. It's great for the environment, for people and also it is good for business," - said Sidd Mundra authorized by Google on renewable energy.
Meanwhile, in the North Carolina the Duke Energy Company expands its presence in the market, so in the third quarter of last year the state has entered into a three leaders by the volume of installed capacities. Management of the Duke Energy Company expects to invest more 500 million dollars in the construction of three facilities in eastern of the North Carolina, with a total capacity of 128 megawatts.
The federal budget for 2016 provides the resumption of tax credits for solar and wind power as well as technology for reducing carbon dioxide emissions for to make solar energy market continued its growth.
