Auhor: Liz Studlick

2021 Perspective on ITC

Posted by Liz Studlick on Jun 28, 2021 11:28:09 AM

Originally established in 2005, the investment tax credit (ITC) is a federal policy allowing owners of new solar projects to deduct over a quarter of the cost of installing the system from federal taxes. This tax shield provides a powerful incentive to install solar and has been critical to bringing down installation costs and accelerating adoption. The higher the tax shield, the more attractive new projects are to investors and the more affordable energy ultimately is for the customer, helping solar phase out legacy fossil fuel-based generation. 

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