Congress Extends Renewable Energy Tax Credit through 2021

In a surprising bit of news this week, the United States Congress has extended the Renewable Energy Tax Credit through 2021.  Officially called the Investment Tax Credit (ITC), these credits were set to expire at the end of 2016, at which point the 30% tax credit would drop down to 10%.  This looming deadline had been creating a lot of uncertainty in the solar and wind industries as companies rushed to complete as many projects as possible before the deadline.  This extension adds some much needed stability to a growing industry.

Additional Information

http://www.computerworld.com/article/3016680/sustainable-it/in-surprise-move-congress-extends-renewable-energy-tax-credit.html

 

One thought on “Congress Extends Renewable Energy Tax Credit through 2021”

Leave a Reply