Sen. Bill Combats Tax Credit Expiration For Solar Projects

Law360, New York (February 7, 2014, 3:35 PM EST) -- A bipartisan bill introduced in the Senate on Thursday would allow solar energy projects still under construction to receive the soon-to-expire Investment Tax Credit, which is normally only awarded to projects that are completed and in service.

The 30 percent credit is set to expire in 2017, but instead of fighting an uphill battle over extending the higher rate, Sens. Michael Bennet, D-Colo., and Dean Heller, R-Nev., said that amending the law to let new projects receive the credit would be helpful.

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