Congress extends the solar investment tax credit (ITC)
Included in the latest COVID-19 Stimulus Bill recently passed by Congress was an extension of the Renewable Energy Tax Credit. The investment tax credit was originally set to scale down from 26% to 22% in 2021, however Congress has passed a bill that will extend a 26% credit to all business and home owners who go solar through 2021 & 2022. The ITC will step down to 22% in 2023.
The future looks very bright for the renewable energy industry. Integrity Solar Solutions will continue to educate local business owners and homeowners in New York and New Jersey on how they can make a difference to our environment while saving money at the same time.