As part of the recently passed Inflation Reduction Act of 2022, the Investment Tax Credit has been extended for an additional ten years, with ITC values of 30% for projects built in 2022.

As a result, all customers installed in 2022 will be eligible for the increased 30% Tax Credit.

It is important to note that Palmetto's general ITC guidance remained unchanged. Clients should consult with their tax professionals to ensure they have the tax liability necessary to take advantage of the ITC.

While the Inflation Reduction Act does include provisions related to other clean technologies, as of August 2022 Palmetto's product and approved adder bundles remain unchanged as we remain focused on providing an excellent PV-focused product to customers. Any change to these bundles will be formally announced in the future.