VISALIA, CALIFORNIA—THE 30% INVESTMENT TAX CREDIT (ITC) HAS BEEN EXTENDED UNTIL 2019 FOR AGRICULTURAL, COMMERCIAL AND RESIDENTIAL SOLAR INSTALLATIONS. THE 30% ITC WAS SCHEDULED TO EXPIRE
VISALIA, California—The 30% Investment Tax Credit (ITC) has been extended until 2019 for agricultural, commercial and residential solar installations. The 30% ITC was scheduled to expire at the end of 2016.
Further, the new law provides a more gradual phase out of the 30% ITC after 2019:
2017 – 30%
2018 – 30%
2019 – 30%
2020 – 26%
2021 – 22%
2022 – 10% (permanent)
The new law also clarifies that projects must be placed into service by 12/31/23 in order to earn the tax credit.
The bill is available here as a PDF, starting at page number 2,005.
About CalCom Solar
CalCom Solar, a leading California-based solar provider serving agriculture and water districts, has extensive expertise in Ag energy/water-use optimization. Our founding team has 35 years of solar experience—delivering tremendous value-add for agriculture and water district customers. For more information, please visit www.calcomsolar.com