Payment is preferred on a weekly basis, but may also be made bi-weekly or monthly, provided they are paid in advance.Missed sessions without 24 hours prior arrangement may be billed half the usual fee at the next session.The same legislation saved the Energy Investment Tax Credit (ITC), and the solar energy industry, from certain doom.Previously, the ITC for solar energy was set to reduce to 10% after December 31, 2016.
That’s just over 2.5 cents per k Wh of excess generation.
The credit is now extended through the end of 2019 at the 30% level, and will step down to 26% in 2020, 22% in 2021, and 10% in 2022 and future years.
Geothermal heat pumps continue to be eligible for a 10% ITC through the end of 2016, and geothermal electric systems are eligible for a 10% ITC through 2022 and future years.
Utility-scale wind projects continue to be eligible to claim the ITC in lieu of the PTC as long as the PTC is in effect.
Now that the solar energy industry is no longer peering anxiously into the abyss of a world without the ITC, we can start thinking about the type of ancillary effects this extension might have.
The New York Times actually got a hold of the creator, who turned out to be a 17-year-old Russian student named Andrey Ternovsky.