Maximizing the ITC: Start of Construction Lessons Learned After a Year
In 2018, the IRS released guidance on establishing the start of construction for solar projects utilizing the solar investment tax credit (ITC). Since then the industry has scrambled to understand and utilize the guidance to claim the higher ITC for projects expected to reach commercial operation in 2020 and beyond. Now after more than a year of experience, Shepperd Mullin and Natural Power will review lessons learned along the way and provide guidance on norms within the industry for financed projects expecting to use the start of construction guidelines. We will cover potential bumps in the road and strategies for avoiding them to maximize the value of the ITC.