How will the US budget sequestration affect the solar industry?
The US budget sequestration will reduce grants for the solar industry. While the sequestration, which went into effect today, will not impact the 30% federal Investment Tax Credit (ITC) for commercial or residential solar projects, it will reduce the federal grant program (Section 1603 grant in lieu of ITC). The amount of the grant reduction has yet to be announced by the US Treasury Department.
Tags: Mr. Sustainable, renewable investment tax credit, sequestration, solar, solar grant, sustainable energy
