Energy group says IRS ruling could promote community solar power

Associated Press

A renewable energy group is hailing a ruling by the Internal Revenue Service that they say could promote group solar power projects.

MONTPELIER, Vt. (AP) — A renewable energy group is hailing a ruling by the Internal Revenue Service that they say could promote group solar projects with a tax credit usually reserved for people who put solar panels on the roofs of their homes.

The Vermont-based Clean Energy States Alliance says the IRS ruling only applies to Roland Marx, the Mount Holly man who sought the credit for his investment in the Boardman Hills Solar Farm in West Rutland, but it's hoped others will be able to use it.

The 30 percent residential tax credit has been reserved for taxpayers who invest in solar projects at their homes. Community solar projects allow people who can't put such panels on their property to join together to create a single project away from their homes.

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