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Posts Tagged ‘Investment Tax Credit’

Hardware shortages may slow solar growth in 2016

Dive Brief: The rush to install solar before the 30% federal investment tax credit (ITC) reverts to its pre-2006 10% levels at the end of 2016 has sparked a backlog of orders for modules and inverters that could slow solar growth, ECT reports. The shortage is causing scheduling difficulties for electric cooperatives developing utility-scale and community solar…

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How tax breaks are driving Vermont’s rush to solar

Solar is the fastest-growing source of energy in the country, and Vermont’s solar industry is growing dramatically. The solar industry is booming nationwide because of multibillion-dollar federal tax breaks, and developers have their eyes on Vermont because of its additional cash incentives. In 2014, the state ranked at 22 out of 50 states for total…

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Key Massachusetts senators open to compromise on financial credits for solar energy developers

State Sen. Ben Downing, D-Pittsfield, the top Senator on energy policy, said today that he sees “a lot of common ground and room for movement” on the state’s policy on solar subsidies, as competing proposals are pending before the state Legislature. [adinserter block=”1″] One of the most urgent, and controversial, energy-related issues before the Legislature today…

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IRS Releases Favorable Guidance for Individual Investors in Community Solar to Claim Section 25D Tax Credit

The IRS recently issued a Private Letter Ruling (PLR) clarifying that an individual investor in a net-metered community solar project may claim the federal residential Investment Tax Credit (ITC) under Section 25D of the Internal Revenue Code. (A copy of the PLR is available here.) The PLR is also significant because it appears to eliminate a number…

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The Solar Industry Needs Standards for System Production Estimates

We need to end the arm-wrestling match over solar production estimates, argues Soltage’s Steve Goodbody. America’s solar industry is wringing all possible efficiencies out of the project development process ahead of the 2016 federal Investment Tax Credit expiration. But are we missing an obvious hurdle? Reliable project production estimates — predicting how much electricity photovoltaic systems will produce annually…

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