Solar shares rebounded this week after the U.S. Treasury and IRS issued new tax credit guidance that alters the way clean-energy projects qualify for subsidies. The rally was led by First Solar (NASDAQ:FSLR), which surged after the agencies eliminated the long-standing “5% safe harbor” rule on large-scale projects. Smaller systems with a capacity of under 1.5 megawatts remain eligible; however, for large solar farms, developers must now demonstrate actual progress, rather than merely initial expenses, to secure credits.
First Solar is up more than 10% today. Check its prices live.
