Senators Ask Treasury for Guidance on Solar ‘Begun Construction’ Dates
Two senators asked the Treasury Department to prioritize guidance on construction start dates for solar energy property eligible for the investment tax credit (ITC). Sens. Maria Cantwell, D-Wash., and Dean Heller, R-Nev., sent a letter June 7 asking Treasury to clarify what constitutes “begun construction” for property receiving the ITC. The 2016 Consolidated Appropriations Act added a start-of-construction factor to eligibility criteria for properties built during the ITC’s phasedown from 30 percent to 10 percent.