Solar Companies Ask for Multiyear Extension of ITC

Thursday, July 18, 2019 - 3:00pm

A coalition of nearly 1,000 solar companies sent a letter to Congress this week calling for multiyear extensions for the renewable energy investment tax credit (ITC) and the Internal Revenue Code Section 25D credit for residential energy efficient property. The Solar Energy Industries Association headlined the effort. Unless Congress acts, the 30 percent ITC will begin a phasedown at the beginning of 2020. By 2022, the residential credit will expire and the ITC will drop to 10 percent.