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.
The Internal Revenue Service (IRS) today released guidance establishing when construction starts for solar projects under tax law, allowing developers to invest with confidence in new solar projects.
We’ve heard for years that integrating storage technologies with solar infrastructure can ensure around-the-clock reliability. That future may be closer than we think, particularly after two major federal developments in the last few weeks that will support the long-term investment and development of energy storage in the U.S.