Save the Solar Investment Tax Credit (ITC)
The solar ITC, first funded in 2006, is a 30 percent federal tax credit for solar systems on commercial (under Section 48) and residential (under Section 25D) properties. After 2016, the residential credit will expire all together and the commercial credit will shrink to 10 percent. The inclusion of solar in the tax extenders bill this year is the linchpin of continuing the success of the growing solar market. For more background, here is an article that the Examiner wrote on the solar ITC earlier this year, as well as a website put together by The Alliance for Solar Choice (TASC). The ITC is the only form of federal incentive support the solar industry receives, in contrast to dozens of subsidies and tax incentives other energy industries, including fossil fuels, have benefited from for decades.
Help us put solar on a level playing field with these industries!
Please call your legislators in the immediate as this opportunity may come up early next week and let them know how important this extension is for both the economy as well as the environment. Here is the link to find contact information for your U.S. Senators and Representatives.