We hope that your new year is off to a wonderful start.
In June of 2020, we shared that organizations we participate in such as the Amicus Solar Cooperative and the California Solar and Storage Association (CALSSA), have been advocating to extend the Solar Investment Tax Credit (ITC). We made it clear that the incredible and continuing delays caused by COVID-19 not only affect small business and customers but impede our ability to meet climate goals.
Legislators heard us. As part of the recent Stimulus Package the 26% ITC will be extended through 2022 with a step down to 22% in 2023.
We are grateful that we are able to do this essential work during the pandemic. The renewable energy industry inherently has evolving codes and standards, and regulatory policies. The increasing spread of COVID-19 adds an extraordinary level of complexity. Building departments have extreme delays in permitting, manufacturers have shortages, and to ensure we do our part to reduce the spread of COVID, we follow safety guidelines that affect the velocity of our installs.
The extension is a significant step to protect an industry that we and future generations depend on to mitigate climate change and build resiliency in our communities.
Thank you for being on this ride with us. We’ll keep working hard advocating for clean energy, our planet, and you. We look forward to building your system.
The Luminalt Team