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3 Minutes to Save 30%

12/05/15

  08:37:00 am, by Jim Jenal - Founder & CEO   , 445 words  
Categories: All About Solar Power, Solar Tax Incentives, Commercial Solar, Residential Solar, Ranting, Non-profit solar

3 Minutes to Save 30% - UPDATE!

UPDATE - 12/16 - Congress unveils a potential 5-Year Extension!

On Tuesday, Congressional leaders unveiled a behemoth spending bill (as in 2,009 pages!) that includes an extension for the solar tax credit.  As proposed, here are the details:

  • Continuation of the present 30% credit for three years, until 12/31/2019;
  • Step down to 26% for one year until 12/31/2020;
  • Step down to 22% for one year until 12/31/2021;
  • Step down to 10% for any project commenced before 1/1/2022 but not placed in service before 1/1/2024.
  • Change effective date to be the start of construction.

To be sure, this is not yet a done deal and Congress could balk on passing the bill, so watch this space!  Better yet, use the form below and tell your Representative to support the Consolidated Appropriations Act, 2016.


We have written about how the federal Investment Tax Credit - which provides solar system owners a credit on their taxes worth 30% of the system cost - is set to expire at the end of 2016 and the havoc that will cause in the industry.  We have been skeptical that the present Congress would act to extend the credit.  But activism is always better than skepticism, and right now there is a chance to act to save the ITC!

US Congress - they need to hear from you!It is a classic Congressional tradition - horse trading some call it, logrolling is another term of art - but at the end of the day it means compromise.  It turns out that there are tax credits that Republicans love (e.g., credits to businesses for various types of purchases) and tax credits that Democrats love (e.g., the earned income credit and others that generally help lower income constituents).  Turns out that there are enough of those credits on both sides (it is left as a challenge for the reader to determine which side of the aisle is supporting the solar ITC) to make it possible, maybe even likely, that a compromise bill could get through.

But there are many reasons why it might fail.  Deficit hawks in the House might try to derail it over its cost.  Democrats might complain it gives away too much to Big Business.  In short, it is the sort of compromise in which everyone can find something to love, as well as something to hate.  But can it pass?  That’s where you come in.

Below is a form where you can get the contact information for your member of Congress just by entering your zip code…

Take just three minutes to look up your Representative and give them a call.  When you get them on the line, tell them to support the longest possible extension of the solar ITC.  Three minutes to save 30% on future solar installations - that’s what we call time well spent!

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Jim Jenal is the Founder & CEO of Run on Sun, Pasadena's premier installer and integrator of top-of-the-line solar power installations.
Run on Sun also offers solar consulting services, working with consumers, utilities, and municipalities to help them make solar power affordable and reliable.

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