January 6, 2016

VISALIA, California -- The 30% Investment Tax Credit (ITC) has been extended until 2019 for agricultural, commercial and residential solar installations. The 30% ITC was scheduled to expire at the end of 2016.

Further, the new law provides a more gradual phase out of the 30% ITC after 2019:

2017 – 30%
2018 – 30%
2019 – 30%
2020 – 26%
2021 – 22%
2022 – 10% (permanent)

The new law also clarifies that projects must be placed into service by 12/31/23 in order to earn the tax credit.

The bill is available here as a PDF, starting at page number 2,005.

About CalCom Solar

CalCom Solar, a leading California-based solar provider serving agriculture and water districts, has extensive expertise in Ag energy/water-use optimization. Our founding team has 35 years of solar experience—delivering tremendous value-add for agriculture and water district customers. For more information, please visit www.calcomsolar.com

Contact:
559-667-9200
info@calcomsolar.com