Sign Up For Novogradac Industry Alert Emails

Sunshine Forever Act Would Extend Federal ITC for 10 Years at 30%

Thursday, March 4, 2021 - 9:00AM

Legislation introduced in the House of Representatives would extend the renewable energy investment tax credit (ITC) for 10 years at a 30% rate. The Sunshine Forever Act (H.R. 1557), introduced by Rep. Charlie Crist, D-Florida, would extend the ITC through 2034 at the pre-phasedown rate of 30%. The ITC is now at 26% with further phasedown coming to 10% in 2024. The Sunshine Forever Act would reinstate the 30% credit for properties placed in service from 2021 through 2034.

Read articles every month on renewable energy in the Novogradac Journal of Tax Credits.

Learn more about Novogradac's expertise and many services