The amount of electricity generated by U.S. utility-scale solar photovoltaic power plants is up more than 100 percent in 2014 over the same period in 2013, thanks to big projects, many of them highly productive, that have been coming online.
Four major factors have made the solar surge possible: The eight-year extension of the Investment Tax Credit for renewable energy that was part of the 2008 Bush economic bailout package; state renewable portfolio standards; the Obama administration’s pro-solar policies, including friendly environmental reviews, cash grants in lieu of tax credits and guaranteed loans; and the steep decline in the price of PV.
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