Legislative incentives could boost the United States' solar market into the number one spot globally within the next few years, according to a Monday report in MIT Technology Review.

It would surpass current leader Germany, which has also benefited from government incentives. The U.S. Emergency Economic Stabilization Act of 2008 included an 8-year extension of the 30 percent investment tax credit for businesses and homeowners that install solar power systems...

New Jersey-based Petra Solar completed its $40 million equity round Monday with a $15 million investment commitment from clean energy fund Craton Equity Partners, according to a release. This is Craton Equity Partner's first investment in Petra Solar.

Return investors in the solar power company include Element Partners, BlueRun Ventures, OnPoint Technologies and NTEC. Its leading technology, the SunWave UP Series solar panel, mounts on utility and streetlight poles and connects directly to an electrical grid...

Following a trend established by other Air National Guard bases, namely Fresno, California and Ohio, the 105th Airlift Wing of the New York Air National Guard plans to install a solar cell array this year.

The 105th Airlift Wing, also known as Stewart Air National Guard Base, Newburgh-Stewart IAP and Stewart International Airport, is located outside Newburgh, about 100 miles south of Albany, the capital of New York State...

A new financing program by Key Equipment Financial will fund up to $50 million in SunPower Corp. solar systems, according to an announcement made Monday by the companies.

Capital and municipal leases will be available to commercial customers and government entities, respectively, for the installation of commercial-scale solar power systems, according to the announcement. The systems will be designed and built by U.S.-based solar manufacturer SunPower...