Post Tagged with: "ITC"

ITC safe harbor extension provides some COVID relief for solar developers

ITC safe harbor extension provides some COVID relief for solar developers

July 1, 2020 at 12:41 pm Comments are Disabled

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

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

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

May 28, 2020 at 1:51 pm Comments are Disabled

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

Emptying our coronavirus notebook: Solar ITC update, industry concerns and practical steps from here for installers, developers

Emptying our coronavirus notebook: Solar ITC update, industry concerns and practical steps from here for installers, developers

March 25, 2020 at 3:20 pm Comments are Disabled

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

It’s official: The solar Investment Tax Credit will step down next year as last-ditch extension effort fails

It’s official: The solar Investment Tax Credit will step down next year as last-ditch extension effort fails

December 17, 2019 at 10:38 am 1 comment

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

House includes solar Investment Tax Credit extension in clean energy tax package

House includes solar Investment Tax Credit extension in clean energy tax package

November 19, 2019 at 4:53 pm Comments are Disabled

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

Tax credit support: 166 members of Congress, 70 associations call for solar ITC extension

Tax credit support: 166 members of Congress, 70 associations call for solar ITC extension

October 30, 2019 at 12:57 pm Comments are Disabled

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

Bill introduced to add energy storage to Investment Tax Credit amid Democrat push to extend ITC timeline

Bill introduced to add energy storage to Investment Tax Credit amid Democrat push to extend ITC timeline

April 8, 2019 at 12:58 pm 1 comment

Legislation was filed by Rep. Mike Doyle (D-PA) to modify the tax code to include energy storage as an eligible technology for the investment tax credit (ITC). Other original cosponsors of the bill include Rep. Linda Sanchez (D-CA) and Rep. Earl Blumenauer (D-OR), who both serve on the House WaysRead More

Solar Marketplace Report shows the power of one ITC and the weakness of another

Solar Marketplace Report shows the power of one ITC and the weakness of another

April 8, 2019 at 10:53 am Comments are Disabled

The semiannual Solar Marketplace Intel Report from EnergySage shows that solar system costs continue to fall, despite the Trump tariffs, which so far, have not even produced more domestic module procurement. Here are four takeaways from this latest report, which is based on millions of transaction-level data points generated withinRead More

Solar trade case update: Here’s a report the ITC sent explaining how ‘unforeseen’ the PV import problem was

Solar trade case update: Here’s a report the ITC sent explaining how ‘unforeseen’ the PV import problem was

January 8, 2018 at 1:48 pm Comments are Disabled

The final outcome of the Suniva/SolarWorld  trade case still hangs over the solar industry as Trump has until Jan. 26 to make the final decision on a remedy, following the International Trade Commission’s injury ruling way back in September. It was our assumption at that time that this was just aRead More

Exhale: The Investment Tax Credit remains in the latest tax reform bill

Exhale: The Investment Tax Credit remains in the latest tax reform bill

December 18, 2017 at 10:59 am Comments are Disabled

The final version of Congress’ tax reform legislation was revealed and left the coveted Investment Tax Credit (ITC) alone, SEIA reports. “After weeks of negotiations, the final tax legislation released today maintains the solar Investment Tax Credits (ITC) for both commercial developers and for homeowners in its current form,” saidRead More