Scalper1 News
U.S. solar installations are expected to grow 10% in 2016, down sharply from prior forecasts for a 40%-50% boom, but companies such as SolarCity (SCTY), Sunrun (RUN) and SunPower (SPWR) are celebrating. Why? The reason for the forecast cut is that in a last-minute accord among politicians in December, Congress extended the Investment Tax Credit (ITC) on solar installations through 2023 in exchange for lifting a 40-year ban on U.S. oil exports. The Scalper1 News
Scalper1 News