The 2021 Solar Investment Tax Credit (ITC) was scheduled to step down to 22% this year, but will stay at 26% after Congress struck a last-minute bipartisan deal on a major energy bill within an omnibus package to fund the federal government.
The legislation provides a two-year extension of the solar Investment Tax Credit (ITC) and additional funding for research and development, including on soft costs critical to distributed energy deployment. It also includes support for more access to federal lands for renewable energy projects.
Under the legislation, the solar ITC will remain at 26% for projects that begin construction in 2021 and 2022, step down to 22% in 2023, and will be further reduced to 10% in 2024 for commercial projects. The residential credit will end in 2024.
The bill also provides loan guarantees for projects that deploy innovative emission-reducing technologies, and establishes new programs to accelerate the transition to clean energy. The legislation includes fossil fuel and nuclear research and development funding, but it shifts funding parity toward renewables.
Related Stories
Codes and Standards | Nov 12, 2021
GSA will likely shrink federal office space post-COVID
Agency also needs to address maintenance backlog.
Codes and Standards | Nov 10, 2021
Los Angeles launches fast-track office tenant improvements program
Red tape to be cut to make interiors healthier and safer.
Codes and Standards | Nov 9, 2021
Florida state building professionals call for mandatory high-rise building inspections
Group recommendation comes in wake of Surfside condo collapse.
Codes and Standards | Nov 8, 2021
Dept. of Energy to fund 10 pilot smart building projects
Connected communities will accelerate renewable energy adoption and grid resilience.
Codes and Standards | Nov 3, 2021
Fact sheets offer strategies to improve indoor air quality in schools
Center for Green Schools at USGBC document for people without a technical background.
Codes and Standards | Nov 2, 2021
Rapid acceleration of affordable housing development expected over next five years
Federal government programs will spur construction.
Codes and Standards | Nov 1, 2021
New bird-friendly technical design guide released
National Glass Assn. document offers design and installation best practices for glazing.
Codes and Standards | Nov 1, 2021
World’s first chief heat officer tackles how to protect Miamians from extreme heat
Focus on chronic exposure for outdoor workers and for those that can’t afford AC.
Codes and Standards | Oct 28, 2021
Design competition launched to show role of mass timber in decarbonization
Forest Service and Softwood Lumber Board will award $2 million in grants to winning teams.
Codes and Standards | Oct 27, 2021
Texas reforms series of contractor laws
Measures seen as making it easier to do business in the state.
