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Legislation Would Extend Residential Solar Credit to Match ITC Phasedown
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).
Stay current on renewable energy issues with the monthly Novogradac Journal of Tax Credits.