Lending Considerations as Inflation Reduction Act Boosts Solar Industry

A key component of the Inflation Reduction Act (IRA) is the certainty it provides to the solar energy industry. Instead of waiting for Congress to extend tax credits for renewable projects every few years, companies are assured that the credits will continue for 10 years under the legislation.

The legislation also increases the solar investment tax credit (ITC) if projects meet certain labor and domestic content criteria. This should boost solar project development. So should the fact…