In December 2015, just before breaking for the remainder of the year, Congress renewed tax incentives for photovoltaic and solar thermal technologies, passing a $1.1 trillion spending bill and $662 billion tax measure!
The incentive enables home owners and businesses to claim up to 30% of solar system costs as income or corporate income tax credit.
Without the extension, the solar industry could have feasibly suffered a dramatic decrease in sales and installations in late 2016, early 2017.
For more information on how the renewal pertains to residential projects, visit:
Read the original article here: