The American solar industry's months-long push to extend then revive the popular 1603 Treasury grant has ceded ground to a parallel strategy to keep Congress from repealing the Investment Tax Credit.
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U.S. solar developers are luring cash at record rates from investors ranging from Warren Buffett to Google Inc. (GOOG) and KKR & Co. by offering returns on projects four times those available for Treasury securities.
It was a historic year for the United States solar energy industry in 2011.
Just a few miles from the shuttered Solyndra plants where 1,100 workers were laid off seven months ago, former presidential candidate General Wesley Clark called for putting the fledgling solar industry at the front of a new U.S. national economic strategy focusing on being a world leader in the production of low cost clean energy.
The solar panels at Bluffsview Elementary School were once such a novelty that people flew in from Chicago just to take a look. The vice principal of the Worthington school was invited to Washington, D.C., to speak about the project.