Wednesday, February 24, 2016

30% Federal Tax Credit Extended for Solar Installations

I thought it might not happen.

I could totally imagine 2016 being THE END of the incredibly effective Federal Investment Tax Credit (ITC).

I was hesitant to believe that the U.S. Congress could pull it together to extend the legislation that has been largely responsible for driving expansion of solar in the U.S. over the last seven years.

I was wrong.

The Congress did something productive (their machinations were lubricated by the potential for oil exports).

They extended the ITC 30% tax credit for five more years.

That's a 30% tax credit on the installed cost of the entire system!