28 Jun '18, 3am

Solar Developers Get a Breath of Certainty with New Commence Construction Guidance

Solar Developers Get a Breath of Certainty with New Commence Construction Guidance

Since its historic extension in late 2015, the solar Investment Tax Credit (ITC) has been a critical mechanism for the rapid growth of solar power in the United States. The only thing missing was clear rules for when solar projects in development begin to qualify for the credit. That clarity finally came last Friday when the IRS released crucial ‘commence construction’ guidance establishing rules for ITC qualification. After years of uncertainty, this guidance definitively states that if a solar project meets one of two thresholds by an end-of-year deadline, it can still qualify for the credit current in that year. Those two thresholds that a solar project can meet to qualify for the ITC include: (1) starting physical work of a significant nature or (2) meeting the ‘five percent safe harbor test’ (i.e., paying or incurring five percent or more of the total cost of the faci...

Full article: https://www.seia.org/blog/solar-developers-get-breath-cer...

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Some good #solar news this Friday afternoon:

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seia.org 23 Jun '18, 12pm

WASHINGTON, D.C. - Background: The Internal Revenue Service (IRS) today released guidance establishing when construction s...

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The two projects are located in the 6th Region of Chile south of Santiago . Each project is 3.168 MWp, provided by 9,600 p...

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