This year has been a big win for those who have been rooting for a larger renewable energy industry and reduced dependence on carbon based fuels. There have been several initiatives, legislation, and events that are expected to invigorate the growth of solar, wind, and other alternative energy markets.

– In October, the 30-percent Federal Investment Tax Credit (ITC) was extended for 8 years. Notably, this extension removed the low monetary caps for residential installations. Additionally, for the first time, publicly regulated utilities can now monetize the ITC, making direct investment into solar project assets less costly.

– In November, the Environmental Protection Agency (EPA) rejected a permit for a new coal-fired power plant in Utah. The Kansas Department of Health and Environment also denied permits for two large coal-fired units. Each of these decisions results in a reduction of greenhouse gas pollution as well as questions the future of