US President Proposes 10-Year Extension For ITC
Joe Biden Led US Government Releases $2.25 Trillion American Jobs Plan Extending Support To Clean Energy; Proposes 10-Year Extension For Investment Tax Credit & Introduces Storage Tax Credit
US President Joe Biden has announced his government’s American Jobs Plan to, as the name suggests, create jobs by proposing to invest $2.25 trillion in improving and enhancing the country’s energy and mobility infrastructure, with an eye on achieving a 100% carbon-free power system by 2035.
US Solar Industry Loses Fight For 30% ITC Extension
US Federal Government Rejects Solar PV Industry Demand For Extension Of Investment Tax Credit Of 30%; SEIA Calls It ‘Missed Opportunity’ While ACORE Terms It ‘Squandered Opportunity’
Before federal US policymakers close head for their Xmas holidays, the US solar industry had its hopes for an extension of the 30% ITC dashed as Congress did not consider the demand, unlike from the peers of the wind industry..
Full 5-Year Federal Solar ITC Extension Demand In US
US Senate & House Representatives Forward Companion Bills Seeking Congress’ Support For 5-Year Extension To 30% Federal Solar Investment Tax Credit: SEIA
The United States (US) Congress has been presented with companion bills seeking 5-year extension for the current federal investment tax credit (ITC) of 30%.
US Solar Firms Join Hands Demanding ITC Extension
SEIA Leads Some 1,000 American Solar Industry Players To Appeal US Congress To Extend Solar Investment Tax Credit Due To Reduce By 2019-End; Reuters Says Developers Stockpiling Modules Fearing ITC Step Down
The 30% solar ITC is applicable to projects that start development or construction by the end of 2019, post which it will start reducing gradually.
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