IRS Guidance Will Boost Residential Solar Projects

Law360, New York (September 4, 2015, 4:56 PM EDT) -- The recent IRS determination that individual investors in a community-shared solar project can qualify for a federal renewable investment tax credit gives such projects a shot in the arm and expands the residential solar market well beyond its rooftop solar base.

The IRS issued a private letter ruling that a solar panel owner belonging to an off-site community solar array in Vermont can take advantage of a 30 percent residential tax credit under Section 25D of the Internal Revenue Code. The credit, which requires the solar...
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