US solar industry gets boost with new IRS guidance

by Lulia Gheorghiu, Utility Dive

Dive Brief:

The Internal Revenue Service (IRS) issued guidance on Friday, establishing that solar developers who invest at least 5% of the total expected installation cost of a project by the end of 2019 will qualify for a 30% investment tax credit (ITC).

The 2015 law that established the credit did not specifically define what qualifies as beginning construction on a project, to the consternation of the solar industry.

read more:

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.