Washington, D.C., United States [RenewableEnergyWorld.com] The Solar Electric Power Association (SEPA) has released the Utility Solar Tax Manual. The manual is meant to provide clarity regarding solar tax credit changes for the utility and solar industries. The manual also looks into the ramifications of these changes on new business models for both industries and their customers.
In October 2008, Congress extended the federal solar investment tax credit (ITC) for eight years and removed the utility exemption, which prevented regulated utilities from owning or investing in solar electric projects. As a result of the changes, utility-owned projects are expected to both increase significantly and provide an economic boost to the solar industry during the current economic downturn.
“As the cost of solar technologies decrease and the cost of other generation resources increase, electric utilities are engaging in extensive strategic discussions to determine what solar business models are most advantageous to their business,” said Julia Hamm, SEPA’s executive director. “The availability of the ITC changes the picture for utilities, and the Utility Solar Tax Manual provides clarity around many of the related issues.”
The full report may be downloaded for free by SEPA members and purchased for US $2,495 by non-members.