By Eric Jay Toll | Phoenix Business Journal
Rooftop solar installers are rejoicing over the federal budget inclusion of a multi-year extension of solar tax credits.
“It’s nice to have longer certainty for rooftop solar,” said Mark Holohan, Wilson Electric Co. solar division manager and president of the Arizona Solar Energy Industries Association. He said the industry is “thrilled” with the extension.
The bipartisan budget deal passed Congress last week and signed by the president extends the life of the Investment Tax Credit through 2019. The credit, which cuts solar array installation costs by around 30 percent, was slated to drop to 10 percent in 2017.
