Step-down of Investment Tax Credit (ITC) for Solar + Storage projects

The Federal Investment Tax Credit (ITC) has unquestionably been the most important federal policy mechanism to incentivize renewable energy projects in the US over the last decade and a half. The ITC was originally established by the Energy Policy Act of 2005. “Since the ITC was enacted the U.S. solar industry has grown by more than 10,000%” according the Solar Energy Industry Association (SEIA).