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Legislation Would Extend Residential Solar Credit to Match ITC Phasedown

Tuesday, August 17, 2021 - 1:15PM

Rep. Linda Sanchez, D-California, introduced legislation to extend the residential energy efficient property tax credit under Internal Revenue Code Section 25D for five years at 30% before gradually phasing down to a 10% credit after 2028. The Residential Solar Opportunity Act (H.R. 4852) would make the residential credit mirror the phasedown schedule of the renewable energy investment tax credit (ITC).

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