Tag Archives: 2017 Midwest Energy News 40 Under 40 Award Program

Lincoln Journal Star Editorial: Phase out, don’t cancel, wind, solar tax credits

Journal Star Editorial Board

In theory, EPA director Scott Pruitt is right when he wants to eliminate tax incentives for solar and wind energy, as he said at an event Monday. Coal, natural gas, solar, wind and other forms of energy generation should all compete on a level playing field, with consumer demand and market forces dictating Americans’ consumption habits in an ideal world. Similar incentives for the fossil fuel industry hinder such a truly free market. Click here to continue reading.

The Federal Solar Investment Tax Credit (ITC)

  • Applies to residential & commercial.
  • If you don’t have enough tax liability the year you install solar, you can “roll over” the credit to future years.
  • 30% to December 31, 2019
  • 26% to December 31, 2020
  • 22% to December 31, 2021
  • 10% commercial credit 2022 onwards

Source: Database of State Incentives for Renewables & Efficiency (DSIRE)