...FYI: Solar Investment Tax Credit safe harbor provision extended to Oct. 15 | Solar Builder
 

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 renewable energy projects that started construction in 2016 and 2017 to be placed-in-service under the Treasury Department’s safe harbor guidance.

“We appreciate the additional layer of clarity the Treasury Department has provided with respect to solar projects started in 2019,” stated Erin Duncan, vice president of congressional affairs for the Solar Energy Industries Association. “This action shows that solar energy is an economic driver with bipartisan appeal. This action is among a number of steps policymakers can take to add jobs, inject tens of billions of dollars into the economy and help this country recover from this awful crisis in red states and blue states alike.”

[button link=”http://www.omcosolar.com” bg_color=”#1ea312″ window=”yes”]Get to Know OMCO Solar
OMCO Solar is a manufacturer of solar racking and tracker systems. OMCO offers two fixed-tilt systems, Field-Fast™ and Choice™, as well as its OMCO ORIGIN™ Single-Axis Tracker. Learn more at omcosolar.com[/button]

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.

Tags: ,

Comments are closed here.