Tag: ITC
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FYI: Solar Investment Tax Credit safe harbor provision extended to Oct. 15
New guidance from the Treasury Department confirms that the safe harbor provisions for the solar Investment Tax Credit will be extended until Oct. 15 as a result of the pandemic, giving solar companies more time to qualify for the important credit. IRS Notice 2020-41 provides an additional year for renewableRead More — Solar Builder magazine
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Emptying our coronavirus notebook: Solar ITC update, industry concerns and practical steps from here for installers, developers
Sheesh. The COVID-19 pandemic has left little time for the Solar Builder editorial staff (me) to keep up with and report on solar industry fallout and impacts while also keeping the rest of our editorial plans on the tracks (from home, of course) and launching a wacky new video idea.Read More — Solar Builder magazine
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It’s official: The solar Investment Tax Credit will step down next year as last-ditch extension effort fails
In today’s not shocking news: Congress and the White House didn’t agree on including an extension of the solar Investment Tax Credit (ITC) in an end of year tax package. Also eliminated from the package: any tax credits for electric vehicles, stand alone energy storage, and offshore wind. The PTCRead More — Solar Builder magazine
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House includes solar Investment Tax Credit extension in clean energy tax package
Today the House Ways and Means Committee released a comprehensive clean energy tax package that includes a five-year extension of the 30% solar Investment Tax Credit (ITC) and new incentives for energy storage. Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries AssociationRead More — Solar Builder magazine
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Tax credit support: 166 members of Congress, 70 associations call for solar ITC extension
In a letter delivered today to Speaker Nancy Pelosi and House Majority Leader Steny Hoyer, 166 Members of Congress, representing more than 70% of the House Democratic Caucus, urged the inclusion of critical clean energy tax incentives, including an extension of the 30 percent solar ITC and inclusion of anRead More — Solar Builder magazine