Abstract
The federal investment tax credit (ITC) is an economically valuable tax incentive offered to taxable business entities that invest in certain energy technologies. The ITC is based on a percentage of the qualifying upfront capital costs of a project and directly reduces a business's tax liability (i.e., the taxes paid). This fact sheet focuses on ITC considerations for privately owned solar photovoltaic (PV) projects on federal land and buildings, although some of the considerations may be applicable to other technologies and non-federal entities.
Original language | American English |
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Number of pages | 2 |
State | Published - 2021 |
Bibliographical note
Replaces August 2019 version: NREL/FS-7A40-74342NREL Publication Number
- NREL/FS-7A40-79936
Other Report Number
- DOE/GO-102021-5575
Keywords
- Federal Energy Management Program
- FEMP
- investment tax credit
- ITC