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. "If you're making manufacturing plans, now you know what the policy's going to be going forward. This is an important milestone in our efforts to help bring clean energy into every corner of America.
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. This is an important milestone in our efforts to help bring clean energy into every corner of America.