Rep. Charlie Crist (D-FL) introduced legislation that would extend the renewable energy Investment Tax Credit (ITC) for ten years at a 30 percent rate. The Sunshine Forever Act (H.R. 1557) would extend the ITC through 2034 at the pre-phasedown rate of 30 percent. The ITC is now at 26 percent with further phasedown coming to ten percent in 2024. The Sunshine Forever Act would reinstate the 30 percent credit for properties placed in service from 2021 through 2034.
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