NABCEP News Congress Passes Solar ITC Bill

Congress Passes Solar ITC Bill

Clifton Park, NY- December 18, 2015

Today is a big day for the solar industry, as Congress has passed a spending package that includes multi-year extensions of solar and wind tax credits, plus one-year extensions for a range of other renewable energy technologies.

Under the legislation, the 30 percent Investment Tax Credit (ITC) for solar will be extended for another three years. It will then ramp down incrementally through 2021, and remain at 10 percent permanently beginning in 2022. President Obama is expected to pass the bill into law by the end of the day.

This ITC extension provides stability for longer term plans and allows the industry to ramp up solar in a sustainable way. NABCEP is pleased and excited to announce this major policy development.