The Solar Investment Tax Credit: What You Need to Know
Under George Bush's administration, the Energy Policy Act of 2005 enacted the Federal Solar Tax Credit or the Federal Investment Tax Credit (ITC) to support growth of renewable energy businesses. It's proven to be an incredibly effective policy, as since the tax credit's inception, the solar industry in the United States has grown by a whopping 10,000%, with an average annual growth of 50% over the previous ten years!