As the world’s demand for energy continues to grow, renewable energy sources are widely expected to contribute a growing share of global energy supply. However, with oil & gas prices collapsing in 2014 solar stocks have been under pressure in the market. In fact, over the past two years, the Guggenheim Solar ETF TAN 3.75% has fallen 14.8 percent.

Benzinga recently had the chance to speak with Sam Beaudin, Head of Product at Wunder Capital, about what’s been troubling the solar market and how big of a lasting impact it will have on the industry.

End Of The ITC

According to Beaudin, the biggest upcoming industry-changing catalyst will arrive at the end of 2016 when the U.S. solar Investment Tax Credit (ITC) is set to expire. Through the end of 2016, the U.S. government is incentivizing both commercial and residential solar projects by providing tax credits equal to 30 percent of the basis invested in eligible properties. Starting in 2017, this credit will drop to 10 percent for commercial projects and zero percent for residential projects.

Market Consolidation

Beaudin believes…

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