Solar Companies Surge as U.S. Tax Credit Brings Early Holiday
- Congress reaches deal to extend tax credits for five years
- California upholds payments to rooftop solar customers
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Solar companies climbed Wednesday after U.S. lawmakers agreed to extend a key federal tax credit.
In a deal announced late Tuesday, Congress approved an additional five years for the investment tax credit, which is scheduled to end at the end of 2016. It also provided a five-year retroactive extension of the production tax credit, which benefits wind-power developers and expired at the end of 2014.