The solar investment tax credit (ITC) has survived a major round of tax reform following fears of an effective shortening of the ITC down to four years. However, the broader objectives of the tax reforms are likely to have a negative effect on the demand for tax credits, as US corporation tax looks set to be reduced from 35% to 21%. President and CEO of IRS, Abigail Ross Hopper, said: "This is a great victory for the solar industry and its 260,000 American workers".
The solar investment tax credit (ITC) has survived a major round of tax reform following fears of an effective shortening of the ITC down to four years. However, the broader objectives of the tax reforms are likely to have a negative effect on the demand for tax credits, as US corporation tax looks set to be reduced from 35% to 21%. President and CEO of the Solar Energy Industries Association, Abigail Ross Hopper, said: "This is a great victory for the solar industry and its 260,000 American workers".