Solar and Storage Industry Statement on New Section 48 ITC Proposed Rules
Today the U.S. Department of the Treasury issued proposed rules to implement changes made in the Inflation Reduction Act (IRA) to the Section 48 Investment Tax Credit.
Solar Industry Secures Extension of California Property Tax Exclusion
SACRAMENTO, Calif. — California Governor Gavin Newsom signed SB 1340 into law yesterday, extending the state’s property tax exclusion for solar projects for two years and providing near-term certainty for America’s largest solar market. Following is statement from Rick Umoff, senior director and counsel, California, at the Solar Energy Industries Association:
Solar Industry Comment on White House Call for Solar Investments
WASHINGTON, D.C. — Today President Biden and the U.S. Department of Energy released an Issue Brief on solar energy research, deployment and workforce priorities. The report details a number of priorities that are important to the solar industry.
House Letter Calls on Leadership to Include Clean Energy Priorities in Infrastructure Package
A group of lawmakers, led by Representatives Blumenauer, Levin, Barragán, McEachin and Crow, sent a letter to House leadership urging them to ensure clean energy tax provisions are included in the upcoming infrastructure package.
New IRS Safe Harbor Notice Provides Needed Relief and Clarity for Solar Companies
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.
100+ Organizations Urge Congress to Act on a 10-year Investment Tax Credit (ITC) extension
WASHINGTON, D.C. — Today the Coalition for Clean Energy Jobs and Innovation is calling on political leaders to prioritize clean energy in upcoming infrastructure legislation.
Solar Leases in South Carolina Get Property Tax Exemption
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. H. 3354 prevents solar customers from getting double taxed and will help to support South Carolina’s growing rooftop solar market.
Solar Picks Up a Big Win on the Heels of a Consequential Year
Last year was a year like no other, filled with pain and suffering, resilience, bravery and immense uncertainty. The holidays, normally a time to unwind and decompress with loved ones, looked much different this year for most Americans.
COVID Aid Package Makes Initial Commitment to a Clean Energy Recovery
WASHINGTON, D.C. – Congress has passed broad end-of-year legislation that includes significant benefits for solar energy. The full legislative package combines a $900 billion COVID-19 relief package and an omnibus spending bill for 2021 with tax extenders and energy policy changes. The legislation provides a two-year extension of the solar Investment Tax Credit (ITC) and additional funding for research and development, including on soft costs critical to distributed energy deployment and support for more sensible access to federal lands for renewable energy projects.
SEIA Statement on Treasury Department Guidance on Safe Harbor Change
WASHINGTON, D.C. — New guidance from the Treasury Department confirms that the safe harbor provisions for the solar Investment Tax Credit will be extended until October 15 as a result of the pandemic, giving solar companies more time to qualify for the important credit.