How extending the ITC would affect US solar build

The Investment Tax Credit (ITC) is the solar industry’s most important public policy. As such, SEIA commissioned an independent analysis from Bloomberg New Energy Finance to analyse the impact of the ITC on the industry – and what the U.S. stands to lose if Congress lets this policy expire in 2016.

The BNEF analysis is based on two scenarios:
1. Current policy as written – the residential credit (under section 25D) is eliminated and the commercial credit (section 48) is reduced from 30% to 10%.
2. A five-year extension of the ITC at 30% for both residential and commercial use, with a commence construction clause added. Under this scenario, the ITC extension is confirmed mid-2016.

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