US solar industry gets boost with new IRS guidance

by Lulia Gheorghiu, Utility Dive

Dive Brief:

The Internal Revenue Service (IRS) issued guidance on Friday, establishing that solar developers who invest at least 5% of the total expected installation cost of a project by the end of 2019 will qualify for a 30% investment tax credit (ITC).

The 2015 law that established the credit did not specifically define what qualifies as beginning construction on a project, to the consternation of the solar industry.

read more: https://www.utilitydive.com/news/us-solar-industry-gets-boost-with-new-irs-guidance/526419/

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