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Solar advocates ask lawmakers to immediately allow residential ITC refund in Build Back Better Act

Written by: Leonard Parker | Solar News | 05th November


A coalition including Solar United Neighbors, GRID, Green Latinos, Hispanic Federation and Earthjustice sent a letter to Sen. Ron Wyden (D-OR) and Rep. Richard Neal (D-MA) asking them to allow for immediate low- and moderate-income participation in the ITC refundability provisions in the final version of the Build Back Better Act.

The group acknowledges that while refundability language for the Investment Tax Credit (ITC) Section 25D residential renewable energy credit was included in the most recent versions of the Build Back Better Act, the language does not allow for LMI families to participate in clean energy until 2024.

“While we applaud the positive steps taken on including refundability for the Section 25D residential renewable energy tax credit, we strongly urge your Committees to not put LMI households at a public health, safety and environmental disadvantage,” the groups write in the letter.

The House is expected to vote on the Build Back Better Act on Nov. 5.

Sen. Jon Ossoff (D-GA) introduced a separate bill addressing this issue called the Clean Energy for All Homes Act, which would speed up the timeline that the refundability goes into effect by one year.

Updated with Sen. Ossoff’s bill at 10:48 a.m. ET



Source: https://www.solarpowerworldonline.com/2021/11/solar-advocates-ask-lawmakers-to-immediately-include-low-income-itc-refund-in-build-back-better-act/