IRS Approves Individual Tax Credit For Shared Solar Project

By Matt Sharp (September 1, 2015, 8:20 PM EDT) -- The U.S. Internal Revenue Service has ruled that an individual Vermont-based owner of solar panels in a community-shared array can take advantage of a 30 percent federal residential income tax credit, the Clean Energy States Alliance and Foley Hoag LLP said on Tuesday.

The nonprofit CESA and Foley Hoag said in a statement that the IRS' ruling in favor of a solar panel owner belonging to the Boardman Hill Solar Farm, a 150-kilowatt off-site solar array, could spur project opportunities for direct ownership of community-shared solar systems by multiple individuals.

"This new private letter ruling represents the first instance in which...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!