Unless Congress acts to extend it, the 30% Federal Investment Tax Credit (ITC) for commercial solar energy projects will step down to 10% on December 31, 2016. The ITC has been a major factor in America’s solar industry growth, helping solar installations increase by an average 48% annually since implemented in 2006.
A decline in the solar ITC would make it more challenging for businesses and large organizations to tackle their electric bills, achieve sustainability goals, and modernize their operations. We hope to see it extended. However, given the uncertainty on the horizon, now is the time to act to ensure that your business takes full advantage of the solar ITC and maximizes ROI on your solar project.READ MORE >