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image: Flickr/Miran Rijaveck

US solar tax credits survive but demand could yet take a hit

December 18, 2017

The solar investment tax credit (ITC) has survived a major round of tax reform in the US.

Fears over an effective shortening of the ITC and the wind power industry’s equivalent, the production tax credit (PTC), to just four years were allayed. A final bill was agreed on Friday with President Trump potentially signing it before Christmas.

“After weeks of negotiations, the final tax legislation…maintains the solar ITC for both commercial developers and for homeowners in its current form,” said Abigail Ross Hopper, president and CEO, Solar Energy Industries Association (SEIA). “This is a great victory for the solar industry and its 260,000 American workers and we commend our bipartisan solar champions in Congress for their diligent efforts to maintain solar’s critical role in America’s economy.

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