U.S. project developers face a shrinking timeline as federal investment and production tax credits are set to end early, and new import restrictions target Chinese components.
The rules for safe harboring clean energy tax credits are “not as bad as rumored” but uncertainty remains on qualification requirements.
In addition to educating potential customers on going solar, Aurora Solar’s CEO advises that installers must cut soft costs, adjust sales strategies and prioritize transparency.
Four solar projects for a 104 unit multifamily were supported by the 30% federal investment tax credit, plus a 10% adder for its designation as a low-income community project – credits that are soon going away under the new Republican budget bill.
In a review of 75 different installer websites across 10 different states, pv magazine USA found some quick responses to the repeal of the tax credit, meant to generate a sense of urgency to sign solar contracts.
The order tightens the deadline for project tax credit eligibility and orders the Treasury to apply enhanced Foreign Entity of Concern restrictions to imports.
Third Act was founded by environmentalist Bill McKibben who encourages residential solar because solar power works, it is an inexpensive form of power, it lowers energy bills and helps stabilize the grid.
Solar industry leader warns that passage of this bill will weaken the U.S. industries that power the economy and strengthen national security.
pv magazine USA spoke with Solar Insure’s Dean Chiaravallotti who shared his thoughts on ways in which solar businesses can adapt, innovate and be strategic.
Regardless of legislative outcomes, T.J. Rodgers vowed that SunPower would survive any solar-industry policy turbulence.
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