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New IRS guidance aligns solar “start of construction” with standard for wind

Since its inception in 2006, the investment tax credit for solar energy development has played a critical role in the solar power industry’s meteoric rise. In sixteen short months, though, we enter the phase-down period, wherein the ITC will drop incrementally from its current 30 percent (through 2019) to a permanent 10 percent (after 2022). As equipment prices have plunged and market penetration has soared, the solar power industry will undoubtedly continue to expand without the full benefit of the ITC as it stands today.

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