WASHINGTON D.C. — Today the Internal Revenue Service (IRS) released a new notice that extends safe harbor for solar projects under the Section 48 Investment Tax Credit (ITC). Notice 2021-41 extends the safe harbor rules under IRS Notice 2018-59 from four years to six years for projects that started construction from 2016-2019, and from four years to five years for projects that started construction during 2020.
COLUMBIA, SC and WASHINGTON, D.C. — Last week, South Carolina’s state legislature passed H. 3354, which exempts leased and third party owned residential solar systems from property taxes. This exemption is already in place for solar customers that own their systems. The new legislation puts all solar customers on equal footing when it comes to tax treatment.
WASHINGTON, D.C. - The West Virginia legislature has passed a bill to make it easier for West Virginians to benefit from solar energy. House Bill 3310 enables power purchase agreements (PPAs). PPAs are a widely available method to finance distributed energy generation projects such as rooftop solar panels. PPAs are now allowed in 29 states.