This just a heads up folks. Under the IRA, the full 30% rate is deemed a “bonus rate” that taxpayers are entitled to only if the project is under 1MW of generation output or if the new prevailing wage and apprenticeship requirements are met. Note - this is federal (not the new CA prevailing wage rules). Otherwise, a base ITC rate of 6% applies to solar generation.
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Inflation Reduction Act changes to ITC for clean energy
- Thread starter AlyssaB
- Start date