In past years, if you itemized your deductions, you could deduct qualified medical and dental expenses to the extent they exceeded 7.5% of your adjusted gross income (AGI). However, beginning January 1, 2013, this threshold was raised to 10%.
Worldâs Largest Solar Panel Manufacturer Suntech Declares Bankruptcy in China. Environment. Suntech was once the worldâs largest manufacturer of solar panels â but the company was just pushed into bankruptcy after defaulting on $541 million in bond payments. The company was a powerful force in Chinaâs renewable energy market, generating 2.4 gigawatts worth of solar modules in 2011 alone. But the company faced a rapid decline as solar panel production in China increased tenfold over the past five years, causing prices to drop by as much as 75 percent.
As in the year before, the top installers of 2014 were China, followed by Japan and the United States, while the United Kingdom emerged as new European leader ahead of Germany and France. Germany remains for one more year the world's largest producer of solar power with an overall installed capacity of 38.2 GW. The newcomers of the year were Chile and South Africa, which entered straight into the world's Top 10 ranking of added capacity.