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Treasury releases new proposed ITC rules on standalone storage, interconnection costs

  |   Solar, solar industry

On November 17, the U.S. Department of the Treasury and Internal Revenue Service (IRS) released guidance on the Investment Tax Credit (ITC) under Section 48 of Internal Revenue Code to spur the investment boom ushered in by the Inflation Reduction Act. Today’s guidance provides the private sector with additional clarity and certainty in making investment…

The post Treasury releases new proposed ITC rules on standalone storage, interconnection costs appeared first on Solar Power World.