Tag: ITC
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Empact launches software to maximize IRA tax incentives on solar projects
Empact Technologies is making it easier to take advantage of Inflation Reduction Act tax incentives when developing solar projects. The company provides software solutions to manage clean energy tax incentives and has just launched a new platform specifically designed to maximize project incentives under the IRA. Empact combines powerful software with incentive compliance expertise into the industry’s……
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More sunlight reaches native solar development
The native solar energy development future has never looked so bright, so fast. Thanks in large part to the impact of the Inflation Reduction Act, tribes can tap hundreds of millions of dollars for new energy projects, along with large federal loans with easy terms. According to the White House, “The Inflation Reduction Act provides……
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SEIA: Treasury Dept. Energy Communities adder credit guidance advances clean energy transition
The U.S. Department of the Treasury released a new map and guidance that will govern the implementation of the Energy Communities adder credit, a tool the U.S. solar and storage industry can use to improve access to solar power and energy storage. Under the Inflation Reduction Act (IRA), clean energy developers using the solar Investment……
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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
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ITC safe harbor extension provides some COVID relief for solar developers
The COVID-19 pandemic has caused major supply chain disruptions in the U.S., leading to halts in renewable developments. As the developers faced difficulty in meeting the deadline to start operations of the renewable projects, the Internal Revenue Service (IRS) extended the deadline for these projects by one year. This givesRead More — Solar Builder magazine