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.
The Internal Revenue Service (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 the end of 2019. To be eligible, developers must have invested a minimum of 5% 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.