Tag: Investment Tax Credit

  • Congress to extend solar investment tax credit as part of COVID-19 relief package

    Congress has apparently reached agreement on broad end-of-year legislation that includes significant benefits for solar energy. The full legislative package combines a $900 billion COVID-19 relief package and an omnibus spending bill for 2021 with tax extenders and energy policy changes. The legislation provides a two-year extension of the solar InvestmentRead More — Solar Builder magazine

  • GlobalData: Proposed ITC extension could bump solar, wind over 25% share of installs

    The proposed Investment Tax Credit (ITC) extension is greatly welcomed by power industry associations and developers. Cost-effectiveness is better observed in these large-scale utility projects, as they achieve break-even faster – as the generation is bartered for the long term. Hence, GlobalData expects that rejection of the extension would greatyRead More — Solar Builder magazine

  • Over 200 mayors across the country urge Congress to extend the solar Investment Tax Credit

      Solar investment is a local issue, which is why a bipartisan group of 231 mayors from Tacoma, Wash to Ft. Lauderdale, Fla. sent a letter to Congress (see here) urging them to pass the Renewable Energy Extension Act and extend the solar Investment Tax Credit (ITC) for five years.Read More — Solar Builder magazine

  • SEIA urges Congress to add storage to ITC eligibility this year

    The Solar Energy Industries Association (SEIA), alongside a broad coalition of energy trade and advocacy organizations, filed a letter urging Congress to modify the tax code to include energy storage as an eligible technology for the investment tax credit (ITC). Following is a statement on the effort from SEIA presidentRead More — Solar Builder magazine

  • IRS releases solar Investment Tax Credit qualification guidance

    The Internal Revenue Service (IRS) released guidance establishing when construction starts for solar projects under tax law, allowing developers to invest with confidence in new solar projects. “The IRS has taken an important step forward with this guidance and provided certainty that will help solar project sponsors finance and buildRead More — Solar Builder magazine