Investment Tax Credit (ITC) as part of the newest stimulus deal passed in congress. The 26% two-year extension for solar investment along with added funding for research and development, will have a dramatic impact on companies, their ability to maintain employment levels and the direct costs for individuals.
David Amster-Olszewski, CEO of SunShare, the nation’s largest residential community solar developer said, “The extension of the tax credits will allow companies like ours to continue bringing solar to communities at better costs. For many projects, the difference in tax credits determines whether a project is even built or not. For every $100 Million dollars invested in solar, the tax credit provides $26 Million dollars, so the health and extension of these credits cannot be underestimated in powering the transition to 100% renewable energy.”