New guidance from the Treasury Department confirms that the safe harbor provisions for the solar Investment Tax Credit will be extended until October 15, 2020, as a result of the pandemic, giving solar companies more time to qualify for the important credit. The Treasury’s decision was in response to a request from a bipartisan group of senators including Joe Manchin (D-WV) and Lisa Murkowski (R-AK).
“We appreciate the additional layer of clarity the Treasury Department has provided with respect to solar projects started in 2019,” said Erin Duncan, VP of congressional affairs for SEIA, in a statement. “Today’s action shows that solar energy is an economic driver with bipartisan appeal. This action is among a number of steps policymakers can take to add jobs, inject tens of billions of dollars into the economy and help this country recover from this awful crisis in red states and blue states alike.”
News item from SEIA