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Third-party investors could invest in solar power under proposed bill

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The Wisconsin state Capitol Building in Madison is seen in this undated photo.
The Wisconsin state Capitol Building in Madison is seen in this undated photo.

MADISON, WI (WTAQ) - A bill being drafted at the state Capitol would change Wisconsin law to allow third-party financing for solar power projects.

Backers of the legislation say the state is missing out on a wave of solar power development being seen around the country.

Clean energy companies back the bill being crafted by Democratic state Representative Chris Taylor of Madison and Republican state Representative Gary Tauchen of Bonduel.

The Legislature is expected to take up several energy issues now that the debate over mining regulations is done.

Experts say nearly three-fourths of the solar market last year came from third-party investment.

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