Expiring 2016 Federal Tax Credits Attract Investors for ISS Utility Scale Solar Farms

ASHEVILLE, N.C., March 23, 2015 /PRNewswire/ -- With the current federal tax credits expiring in 2016 large investors that are attracted to utility scale solar farm projects are rushing to find construction ready projects like the current 500 Megawatts of projects that Innovative Solar Systems, LLC currently has that can be purchased and built immediately to then fully utilize those 30% federal tax credits before they expire next year. Innovative Solar Systems has been conducting daily meetings with investors and buyers from all over the world seeking the company's current projects that range in size from 35 Megawatts all the way up to 80 Megawatts. These projects are attractive to buyers due to the fact that the projects are approved and ready for immediate construction and also due to the fact that purchase power agreements are with the most credit worthy utility companies in the U.S.

Having long term purchase power agreements and being able to start construction immediately make the ISS current portfolio of approximately 500MW's a thing of beauty for large investors and equity funds that need projects that can be on line sometime in 2016 to take full advantage of those available 30% tax credits. Utility scale solar farm projects take anywhere from 1-3 years to obtain all approvals including site control, interconnection agreements, purchase power agreements and other state and federal regulatory approvals so having totally approved and construction ready projects right now is key for investors since projects of this magnitude will take 6-12 months to build and having the projects on line in 2016 is essential to monetize those 30% federal credits before they expire.

Innovative Solar Systems, LLC has become well known in the solar industry for developing some of the largest and best solar farm projects here in the United States. ISS has already developed and sold some of the biggest projects ever approved and to be built this side of the Rockies including the companies IS46-80MW Hope Mills, NC project and the companies IS42-75MW Fayetteville, NC project. ISS takes pride in developing only picture perfect solar farm projects that are not only easy to build but also easy to maintain. For information on the company's current portfolio of 35MW-80MW construction ready solar farm projects please call (828)-215-9064 today to learn more.

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SOURCE Innovative Solar Systems, LLC