The 2021 Solar Investment Tax Credit (ITC) was scheduled to step down to 22% this year, but will stay at 26% after Congress struck a last-minute bipartisan deal on a major energy bill within an omnibus package to fund the federal government.
The legislation provides a two-year extension of the solar Investment Tax Credit (ITC) and additional funding for research and development, including on soft costs critical to distributed energy deployment. It also includes support for more access to federal lands for renewable energy projects.
Under the legislation, the solar ITC will remain at 26% for projects that begin construction in 2021 and 2022, step down to 22% in 2023, and will be further reduced to 10% in 2024 for commercial projects. The residential credit will end in 2024.
The bill also provides loan guarantees for projects that deploy innovative emission-reducing technologies, and establishes new programs to accelerate the transition to clean energy. The legislation includes fossil fuel and nuclear research and development funding, but it shifts funding parity toward renewables.
Related Stories
| Apr 10, 2013
ASHRAE publishes second edition to HVAC manual for healthcare facilities
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) has published a second edition of its “HVAC Design Manual for Hospitals and Clinics.”
| Apr 10, 2013
Concrete Reinforcing Steel Institute accredited by ANSI as standards developer
The Concrete Reinforcing Steel Institute (CRSI) was recently accredited by the American National Standards Institute (ANSI) as an ANSI Accredited Standards Developer (ASD).
| Apr 10, 2013
DOD should continue LEED-Silver or equivalent rating standard, says NRC
The Department of Defense should continue to require that its new buildings or major renovations to facilities be designed to achieve a LEED-Silver or equivalent rating, says a new report from the National Research Council.
| Apr 10, 2013
EPA proposes emissions rules affecting light construction vehicles
The Environmental Protection Agency has proposed air-pollution standards that it says will reduce the amount of sulfur in U.S. gasoline by two-thirds and impose fleet-wide pollution limits on new vehicles.
| Apr 10, 2013
New skyscraper designs raising the bar on green standards
Though most new skyscraper designs have a traditional look, they are including a wider array of sustainable elements to use energy and water more efficiently and improve human health.
| Apr 5, 2013
Lack of national standards on design of bioterror labs creates higher risk for accidents, panel says
U.S. labs that conduct research on bioterror germs such as anthrax are at risk for accidents because they do not have uniform design and operation standards, according to a Congressional investigative group.
| Apr 5, 2013
Builders Hardware Manuf. Assn. revises three standards for hinges, locks, and latches
The Builders Hardware Manufacturers Association (BHMA) released three new revisions to the ANSI/BHMA standardsfor hinges, interconnected locks, and sliding and folding hardware.
| Apr 5, 2013
New items to ASHRAE/IES energy standard open for public comment
The 2013 version of the ANSI/ASHRAE/IES Standard 90.1-2010, Energy Standard for Buildings Except Low-Rise Residential Buildings, is scheduled for publication later this year, and 26 proposed addenda are open for public comment.
| Apr 5, 2013
No evidence that mandatory building energy labeling improves efficiency, study says
The Building Owners and Managers Association (BOMA) International and the Greater Boston Real Estate Board (GBREB) released a report, “An Economic Perspective on Building Labeling Policies,” that questions the efficacy of mandatory building energy labeling.
| Mar 27, 2013
Practical application of Legionella prevention standards the focus of ASHRAE project
An American Society of Heating, Refrigerating and Air-Conditioning Engineers committee drafting tough new standards to prevent the waterborne bacteria Legionella is focused on how to apply the standards in the real world.
