(PDF) Glenbrooks Congress 2015 Winning Words.pdf


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Research Compiled and Summaries Written by Shin San

◈ Text of Legislation◈

◈ General Analysis◈
As stated in the bill’s text, the Solar Investment Tax Credit, or ITC, is a 30 percent
federal tax credit for solar systems on residential and commercial properties that, under
current law, remains in effect through December 31, 2016. The ITC was initially
created as part of the Energy Policy Act of 2005 and extended through December 31,
2016 with the Emergency Economic Stabilization Act of 2008. As opposed to phasing
out to 10 percent and 0 percent on December 31, 2016, this bill advocates for a longer
phase out. The 20/10/0 Scenario entails a scheduled phasing-out of the ITC in its
current form over an 8 year period.
Federal deployment support for solar photovoltaic (PV) installations comes primarily in
the form of tax incentives, such as accelerated depreciation rates and tax credits. Since
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