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Bill introduced to extend US investment tax credit for residential solar systems

Bill introduced to extend US investment tax credit for residential solar systems
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Introduction of Residential Solar Parity Legislation Creates Long-Term Cost Savings Opportunities for American Families and Economic Growth

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WASHINGTON, July 29, 2021 /PRNewswire/ A coalition of solar companies, cooperatives, and non-profits, the 25D Parity Coalition, today welcomed the introduction of The Residential Solar Opportunity Act of 2021, legislation that will provide parity for residential solar customers alongside commercial solar – a win for American homeowners, job growth for solar installers, dealers and small businesses alike.
We applaud Representatives Sanchez (D-CA), Terri Sewell (D-AL) and Jimmy Gomez (D-CA) for the introduction of The Residential Solar Opportunity Act of 2021. The 25D credit is a federal residential solar energy investment tax credit (ITC) that allows the consumer to claim a percentage of the costs of a solar system for their home on their federal income taxes. The 25D credit is a highly successful program utilized by over 70 percent of the residential solar market. Achieving parity with commercial solar allows ....

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