Please support Vote Solar's effort to pass this key legislation!
There is an effort underway to enable more residents to participate in community solar projects. At this time, individuals who choose to jointly install a community solar system are typically unable to take advantage of the 30% federal solar investment tax credit (ITC). Written before community solar projects were conceptualized, the current tax code is worded in a way that largely constrains residential ITC benefits to on-site systems that directly power the home.
Recently re-introduced by Senator Mark Udall (CO), the Solar Uniting Neighborhoods Act (SUN Act) would rectify this problem by giving community solar installation access to the ITC. Without this relatively minor change to the tax code, a significant group of solar aspirants have to forgo the ITC, which in turn deters solar adoption.
Joy Hughes, Founder, Solar Gardens Institute http://www.solargardens.org
CEO, Solar Panel Hosting LLC http://www.solarpanelhosting.com
Tuesday, June 28, 2011
SUN Act Reintroduced - Federal Legislation to Enable Community Solar?
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