Solar Farm Developers in the US - Market Size, Ind
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Posted On: 07/19/2024 11:30:58 AM
Solar Farm Developers in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)
https://www.ibisworld.com/united-states/marke...sAndTrends
Environmental concerns driving renewable energy investment has spurred an expansion in solar farm development. The Solar Investment Tax Credit (ITC), which provides purchasers with a 30.0% tax credit on the cost of each solar panel, has been extended multiple times, encouraging investment in solar technology. With the recent passage of the Inflation Reduction Act, the deadline has been extended until 2032, offering developers incentives to build new farms. Overall, revenue is set to swell at a CAGR of 4.4% through 2024, reaching $15.3 billion, including a 2.1% uptick in 2024 alone.
icymi
https://www.ibisworld.com/united-states/marke...sAndTrends
Environmental concerns driving renewable energy investment has spurred an expansion in solar farm development. The Solar Investment Tax Credit (ITC), which provides purchasers with a 30.0% tax credit on the cost of each solar panel, has been extended multiple times, encouraging investment in solar technology. With the recent passage of the Inflation Reduction Act, the deadline has been extended until 2032, offering developers incentives to build new farms. Overall, revenue is set to swell at a CAGR of 4.4% through 2024, reaching $15.3 billion, including a 2.1% uptick in 2024 alone.
icymi
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