RE:RE:RE:RE:Opportunity but we HAVE TO DO IT!!!! https://pv-magazine-usa.com/2021/07/22/heres-how-a-solar-friendly-infrastructure-bill-may-get-through-congress/
Solar benefits
As it looks now, a reconciliation bill that contains spending for infrastructure would offer several benefits for solar.
Resch said that a bill likely would include an eight-year extension to the Investment Tax Credit, raising it to 30%. Under reconciliation, a specific item may not add to the federal deficit beyond a 10-year time-frame. To be on the safe side, negotiators are looking to an eight-year extension. Resch said that talks also look favorable for including a 30% ITC for energy storage and a credit for electric vehicle charging infrastructure.
Also likely to be included is a direct pay incentive, a financial tool that has grown in popularity given some of the drawbacks with tax equity finance. The final version of what that incentive may look like is being discussed by the Joint Committee on Taxation, a special committee made up of House and Senate members.
With Congress out of town for much of August and with its long-standing tradition of not acting on much of substance in September and October, a reconciliation bill may not come up for debate before November with a final vote likely sometime in December.
The high-stakes game over infrastructure continues, and the solar industry stands to gain mightily from passage of a bill.