Tag Archives: 2020 countdown

2020 Solar Trends: ITC Update!

The investment tax credit, also known as the federal solar tax credit, allows you to deduct 30 percent of the cost to install solar from your federal taxes. 


The residential and commercial solar ITC has helped the U.S. solar industry grow by more than 10,000% percent since it was implemented in 2006, with an average annual growth of 50% over the last decade alone.

On December 17th, 2019, we learned that the federal tax extenders bill would not include an extension of the ITC, despite solar’s bi-partisan popularity.

Without the extension, the credit will phase down as outlined in congress’ 2015 compromise:

30% = 2019
26% = 2020
22% = 2021
10% thereafter, for Commercial projects only

Your solar project must be energized to qualify for that year’s tax credit rate.


There are safe harbor provisions that allow projects to start in a given calendar year and still qualify for that year’s rate, typically by spending at least 5% of the projects cost and starting construction activities.

 

 

2020 Solar Trends: PACE Financing

We are counting down the top ten solar trends that you need to be aware of going into 2020! It’s day two and we are talking changes to PACE financing & tips on how to make it work for you and your business!

PACE has several distinct advantages in that it is typically not considered debt on the balance sheet, and can be shown as owner equity similar to a mezzanine financing on new construction.

 

 

2020 Solar Trends: Bifacial Panels

We are counting down the top ten solar trends that you need to be aware of going into 2020! On day one, we are taking a look at bifacial solar panels. 

 

What are Bifacial Panels?

Despite the technology existing for around a decade, bifacial panels have just recently begun to saturate the market. Increased performance and lower prices are making bifacial panels a top choice for many projects heading into 2020.