ASHEVILLE, N.C. – With the 30 percent federal tax credits set to expire at the end of 2016, the rush is on for investors to find, purchase and build large scale solar farm project so that the systems can be operational by Dec. 31, 2016 and thus fully utilize the tax credits granted by the U.S.
Large scale solar farm projects like the current 35MW, 40MW, 50MW and 80MW size projects that Innovative Solar Systems has for sale will take anywhere from 6-12 months to construct so buyers and investors alike seeking these types of utility scale projects are running out of options and places to find construction ready solar projects like the current 500MW portfolio of projects that ISS is in the process of selling.
Getting utility scale solar farm projects approved and ready for construction can take years as in the case of these current projects so when a solar farm development company like ISS has projects that can be purchased and built immediately the projects themselves become a rather hot commodity with large investors that need these types of large tax shelters before they expire in 2016. A large portion of a projects rate of return is dependent upon the owner of the project being able to utilize these 30 percent federal tax credits so once the credits expire in 2016 few if any large scale projects will get built since the returns at that point will be small compared to present returns.
For more information on the current portfolio of 35MW-80MW utility scale solar farm projects for sale by Innovative Solar Systems please call (828)-215-9064 today.
— Solar Builder magazine