Solar ABS outlook brightened by tax credit extension

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By Jennifer Kang
13 Jan 2021

The US solar energy market started off the New Year with a bang, fuelled by the news that solar investment tax credits will be extended for another five years. The extension will help growth in the industry and increase investor comfort in funding renewables.

The solar investment tax credit (ITC) is a federal policy that grants tax credit to solar systems installed on residential and commercial properties. Initially passed into law 2006, the ITC was supposed to wind down gradually from 26% in 2020 to 22% this year, and eventually ...

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