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USA: Extended Tax Credits for Weak Solar Thermal Market

Submitted by Baerbel Epp on February 24, 2016
CalseiaAgainst all odds, the solar heating tax credits in the USA were extended again by 5 years. On 18 December 2015, the Consolidated Appropriations Act was signed, including an extension of the so-called federal Investment Tax Credits up to 2021. Originally, the tax incentives were expected to end on 31 December 2016 after an eleven-year period since 2005, with one previous extension in 2008. They allow both residential and commercial investors of solar PV and solar thermal systems to deduct 30 % of the investment costs at the next tax declaration.
Photo: Calseia.org

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