IRS ( IRS ) has issued new tax credit guidance for the US solar industry, which establishes that developers will be able to claim a 30% investment tax credit on solar projects as long as the project begins by 1 January 2020 . To be eligible, developers must have invested a minimum of 30% of the total expected installation cost of a project by 1 January 2020 . "With this notice, IRS sent a strong signal to investors while giving developers clear criteria on par with other renewable technologies," Liam Donovan, a principal at the law firm Bracewell LLP, told Utility Dive via email. The move has been welcomed as it clarifies previous guidance and offers a boost to an industry affected by Chinese tariffs.
IRS ( IRS ) has issued new tax credit guidance for the US solar industry, which establishes that developers will be able to claim a 30% investment tax credit on solar projects as long as the project begins by 1 January 2020 . To be eligible, developers must have invested a minimum of 30% of the total expected installation cost of a project by 1 January 2020 . The move has been welcomed as it clarifies previous guidance and offers a boost to an industry affected by Chinese tariffs.