Skip to main content
Tuesday, Jun 29, 2021

New IRS Safe Harbor Notice Provides Needed Relief and Clarity for Solar Companies

WASHINGTON D.C. — Today the Internal Revenue Service (IRS) released a new notice that extends safe harbor for solar projects under the Section 48 Investment Tax Credit (ITC). Notice 2021-41 extends the safe harbor rules under IRS Notice 2018-59 from four years to six years for projects that started construction from 2016-2019, and from four years to five years for projects that started construction during 2020.

Monday, Jun 21, 2021

100+ Organizations Urge Congress to Act on a 10-year Investment Tax Credit (ITC) extension

WASHINGTON, D.C. — Today the Coalition for Clean Energy Jobs and Innovation is calling on political leaders to prioritize clean energy in upcoming infrastructure legislation.

Monday, May 17, 2021

Solar Leases in South Carolina Get Property Tax Exemption

COLUMBIA, SC and WASHINGTON, D.C. — Last week, South Carolina’s state legislature passed H. 3354, which exempts leased and third party owned residential solar systems from property taxes. This exemption is already in place for solar customers that own their systems. The new legislation puts all solar customers on equal footing when it comes to tax treatment. H. 3354 prevents solar customers from getting double taxed and will help to support South Carolina’s growing rooftop solar market.

Thursday, Jan 28, 2021

Solar Picks Up a Big Win on the Heels of a Consequential Year

Last year was a year like no other, filled with pain and suffering, resilience, bravery and immense uncertainty. The holidays, normally a time to unwind and decompress with loved ones, looked much different this year for most Americans.

Monday, Dec 21, 2020

COVID Aid Package Makes Initial Commitment to a Clean Energy Recovery

WASHINGTON, D.C. – Congress has passed broad end-of-year legislation that includes significant benefits for solar energy. The full legislative package combines a $900 billion COVID-19 relief package and an omnibus spending bill for 2021 with tax extenders and energy policy changes. The legislation provides a two-year extension of the solar Investment Tax Credit (ITC) and additional funding for research and development, including on soft costs critical to distributed energy deployment and support for more sensible access to federal lands for renewable energy projects.

Wednesday, May 27, 2020

SEIA Statement on Treasury Department Guidance on Safe Harbor Change

WASHINGTON, D.C. — New guidance from the Treasury Department confirms that the safe harbor provisions for the solar Investment Tax Credit will be extended until October 15 as a result of the pandemic, giving solar companies more time to qualify for the important credit.

Tuesday, Oct 22, 2019

Hundreds of Mayors Call on Congress to Extend the Solar Investment Tax Credit

A bipartisan group of 231 mayors sent a letter to Congress today urging them to pass the Renewable Energy Extension Act, a five-year extension of the solar Investment Tax Credit.

Tuesday, Sep 24, 2019

Forecast: Solar Tax Credit Extension Would Boost Jobs, Economy and Climate Fight

An extension of the solar Investment Tax Credit (ITC) would spark $87 billion in new private sector investment and add 113,000 American jobs over baseline estimates by 2030

Thursday, Jul 25, 2019

House and Senate Introduce Legislation for 5-Year Extension of the Solar Investment Tax Credit

Senator Catherine Cortez Masto (D-NV) and Representatives Mike Thompson (D-CA), Paul Cook (R-CA), and Brian Fitzpatrick (R-PA) today introduced companion bills with a five-year 30% extension of Section 48 and Section 25D Solar Investment Tax Credits (ITC). The Renewable Energy Extension Act will call for the extension of the tax credits.

Wednesday, Jul 17, 2019

Nearly 1,000 Solar Companies Rally Behind Proven, Bipartisan Investment Tax Credit

WASHINGTON, D.C. - Nearly 1,000 companies from across the U.S. solar industry supply chain today sent a letter to Congress calling for the extension of the Section 48 and Section 25D solar investment tax credits (ITC).

Subscribe to Finance and Tax