With the first major overhaul of the U.S. tax code in over 30 years, changes to tax policy are having a significant impact on the feasibility of companies “going solar” in the U.S. This column from EnterSolar discusses key impacts of the new tax code on corporate solar projects.
The U.S. solar industry is continuing to flourish with the help of the federal investment tax credit, otherwise known as the ITC. As this column from EnterSolar notes, this incentive has been a major part of solar project economics for the past decade, but changes are coming in 2020. Here is what you need to know about the ITC Step-Down, and how your company can maximize the monetary benefits of a solar project today.