Investment Tax Credit Requirements for Privately Owned Solar Photovoltaic Systems on Federal Sites

Download or read book Investment Tax Credit Requirements for Privately Owned Solar Photovoltaic Systems on Federal Sites written by and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal investment tax credit (ITC) is an economically valuable tax incentive offered to taxable business entities that invest in certain energy technologies. The ITC is based on a percentage of the qualifying upfront capital costs of a project and directly reduces a business's tax liability (i.e., the taxes paid). This fact sheet focuses on ITC considerations for privately owned solar photovoltaic (PV) projects on federal land and buildings, although some of the considerations may be applicable to other technologies and non-federal entities.