Post Tagged with: "Investment Tax Credit"

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

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

July 29, 2020 at 11:42 am Comments are Disabled

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 greatlyRead More

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

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

October 22, 2019 at 6:05 am Comments are Disabled

  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

SEIA urges Congress to add storage to ITC eligibility this year

SEIA urges Congress to add storage to ITC eligibility this year

November 27, 2018 at 8:52 am Comments are Disabled

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

IRS releases solar Investment Tax Credit qualification guidance

IRS releases solar Investment Tax Credit qualification guidance

June 22, 2018 at 1:53 pm 1 comment

The Internal Revenue Service 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 build moreRead More

Utility-scale developer to further increase capital raise, post-ITC news

Utility-scale developer to further increase capital raise, post-ITC news

December 21, 2015 at 12:15 pm Comments are Disabled

Innovative Solar Systems LLC (ISS), one of the largest developers of utility scale solar PV systems in the country, has been hyping a capital raise this year to really ramp up its solar farm project pipelines. Well, post-ITC extension this is ramping up even more. John E. Green, CEO forRead More

ITC extension: Solar industry reacts (celebrates)

ITC extension: Solar industry reacts (celebrates)

December 21, 2015 at 10:13 am Comments are Disabled

It is Monday, and the solar industry is nursing a hangover after a weekend spent celebrating the extension of the Investment Tax Credits (ITC). Funny how quickly the mood changed regarding this possibility. Only a month ago we started asking readers for their wild predictions for 2016, and not manyRead More

How big is the ITC extension? How about 54% install increase through 2020

How big is the ITC extension? How about 54% install increase through 2020

December 17, 2015 at 9:38 am 3 comments

As the solar industry eagerly awaits the outcome of the omnibus spending bill that includes a five-year extension to the solar investment tax credit (ITC), there is not much left to do other than speculate, which is what the folks at GTM Research are doing. According to their analysts, thisRead More

ITC update: Omnibus appropriations bill includes long-term extension

ITC update: Omnibus appropriations bill includes long-term extension

December 16, 2015 at 11:11 am 5 comments

SEIA’s Rhone Resch reports this morningan omnibus appropriations bill was filed by congressional leaders that provides a long-term extension of the solar investment tax credits (ITC). “This bipartisan agreement represents a powerful victory for our industry and will provide a stable investment environment for the next 8 years,” Resch stated.Read More

ITC extension hope? SEIA gives update, calls out Sunnova

ITC extension hope? SEIA gives update, calls out Sunnova

December 7, 2015 at 4:19 pm 5 comments

The Investment Tax Credit discussions are heating up. We brought you the opinions of two notable solar CEOs last week to broaden the perspective, and now we bring you the most recent comments from Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA). Resch sent out anRead More

Let the ITC expire? Two solar CEOs weigh in

Let the ITC expire? Two solar CEOs weigh in

November 30, 2015 at 3:10 pm 2 comments

Leading into 2016, we’ve had a bunch of conversations, on and off the record, regarding what is going to happen with the Investment Tax Credit and beyond. No one is totally sure what will happen, but most seem in line with SEIA and think the drop off will be a killerRead More