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Senators Ask Treasury for Guidance on Solar ‘Begun Construction’ Dates

Wednesday, June 20, 2018 - 11:30AM

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.

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