The solar tax credit is believed to be safe, in part because it is part of the U.S. tax code.
As reported by Danielle Ola of PV-Tech Magazine:
Despite an aggressive rollback of climate and renewable energy regulations and initiatives, the solar investment tax credit (ITC) should remain safe from Trump’s reach, finance experts have said.
The industry has watched the Clean Power Plan, Paris Agreement and most recently the EPA experience attacks from the administration, under its new ‘America First Energy Plan’, which leaves no room for many of the bedrock clean energy pillars erected during the previous administration.
While the industry anticipates a reduction in federal incentives for renewables, the ITC is one thing that advocates remain confident will stick around, given that it is enveloped in a much greater tax reform that received widespread support.
“The ITC extension was a bipartisan deal agreed just over a year ago – and the fact that it was agreed across the aisle is important to note,” Graham Smith, founder and CEO of solar finance platform Open Energy told PV Tech. “It has been extremely successful at job creation. It could suffer, but given its status as a bipartisan agreement and the fact it would involve the export of oil/gas, there's good confidence.”
Read the full article and find out what the industry believes will happen with the ITC.