Harbor

Understanding ‘safe harbor’ for extending your 30 percent solar ITC qualification
Just after the midnight hour of New Year’s Eve 2020, more than confetti will be abandoned on America’s sidewalks and parlors. Somewhere around $130 million dollars of Investment Tax Credit (ITC) from that year’s anticipated Commercial & Industrial solar projects will fall out from any hope of reaching the proverbial pocket books of the nation’s infrastructure investors (assuming 2000MW of C&I and Community solar, and a $2/w installation cost). On 1/1/20, the ITC drops to 26 per [...]
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IRS Provides Safe Harbor for Solar Contracts with Federal Agencies
On Jan. 19, the IRS released Revenue Procedure 2017-19 (Rev. Proc.) providing a safe harbor for certain alternative energy sales contracts with federal agencies to be treated as service contracts under Section 7701(e)(3). [...]
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