Shaping The Future of Renewable Energy
As a business or non-profit, you know solar offers big savings and sustainability. But a new bill, the “One Big Beautiful Bill Act,” could quickly change solar incentives.
What’s Happening?
This proposed bill aims to cut back the federal 30% Investment Tax Credit (ITC) for commercial solar, which makes projects affordable. The current plan could phase out this credit much faster than expected, possibly ending it for many projects by 2028 or even sooner. Some versions of the bill suggest a very short window, potentially 60 days after the bill passes, to begin construction to get the full credit.
Why This Matters for You
If this bill becomes law:
- Your savings may drop: Less tax credit means higher upfront costs and a longer payback period for your solar investment.
- Time is critical: You might need to act very quickly to secure the current, more favorable incentives.
- Costs could rise: Changes in incentives and new rules on where materials come from could increase overall project expenses.
What Is Safe Harboring—and Why You Should Care
Safe harboring is a strategy that allows you to lock in today’s higher ITC rate—even if you don’t break ground right away. The IRS defines safe harboring as taking a specific action, like spending 5% of total project costs or beginning physical work, before the deadline. This ensures your project still qualifies for the current 30% credit, regardless of when it’s completed.
Here’s how REP Solar helps:
- We guide you through the safe harboring process.
- We help you plan equipment purchases or construction starts to meet IRS rules.
- We ensure compliance so your business or nonprofit doesn’t miss out on valuable savings.
If the “One Big Beautiful Bill Act” passes, safe harboring may be the only way to preserve your full incentive.
Don’t Miss Out. Act Now with REP Solar!
Even with these potential changes, solar remains a smart investment against rising energy costs. REP Solar helps you navigate these shifts. We offer expert guidance on incentives, custom solutions for your needs, and various financing options like loans and Power Purchase Agreements (PPAs) to make solar accessible.
Contact REP Solar today for a free consultation. We will help you understand your options and lock in your solar future before incentives change.