For the first time in three years, the Solar Energy Industries Association (SEIA) has updated its Guide to Federal Tax Incentives for Solar Energy, which the organization is making available to its members.
Developed with the help of Keith Martin at Chadbourne & Parke LLP, Version 8.0 of the resource contains valuable information about qualifying for the solar investment tax credit (ITC), how “commence construction” works, depreciation bonuses, financing issues and more, explains SEIA.
“This comprehensive document really gives SEIA members a leg up when it comes to navigating the tricky terrain of taxes,” comments Tom Kimbis, SEIA’s interim president and general counsel. “With the recent extension of the ITC, over the next five years the solar industry is expected to nearly triple in size. This resource will help solar companies stay up to speed on how policies born in Congress and across America’s state capitals impact their business.”
Continuing with this theme, the organization notes that the SEIA Finance and Tax Seminar will be returning this December. The group says the conference is dedicated exclusively to the most impactful accounting, finance and tax issues facing the solar industry.