How to Capture the 2020 26% Solar Investement Tax Credit

Unless Congress and the administration intercede, the current 26% solar investment tax credit (ITC) will step down to 22% on January 1, 2021, potentially adding millions of dollars in expenses that would otherwise be nonexistent. If you’re going to build a $100,000,000 project and bring it online before the end of 2023, capturing the 2020 safe harbor brings $4 million to your bottom line.

In this pv magazine webinar, we will discuss CEA Vice President of Technology, Paul Wormser, and Elias Hinckley of K&L Gates discuss the IRS’ Safe Harbor Provision for Solar Energy Projects and how to take advantage of it. The presenters will also cover the “5% rule” and how minimal upfront investment can qualify a project for the full 26% ITC and maximize savings. In addition, the presentation will provide comprehensive coverage of both the Continuous Construction clause and Independent Safe Harbor Verification, two other critical aspects of ensuring your project qualifies for the full 2020 ITC.

Topics Include:

• Outlining how qualifying for safe harbor is complex, time-sensitive, and potentially lucrative if properly claimed

• Understanding the different ways to qualify for safe harbor

• How to ensure that your qualification meets the verifications standards of the IRS

• Q&A