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Trump tried to kill solar’s 5% safe harbor, a federal court brought it back
With less than a month left before the key, July 4th Federal Clean Energy tax-credit deadline , a federal judge has handed the solar industry an unexpected win, restoring the 5% safe harbor that Trump’s IRS tried to kill.
AI Summary
A federal court has intervened in a dispute over a tax credit for the solar industry, reinstating a 5% safe harbor that was previously targeted for elimination. The Trump administration's IRS had attempted to abolish the safe harbor, which allows solar companies to claim a tax credit without penalty, even if their projects are slightly over budget.
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