Times are quite stressful currently with the coronavirus pandemic and quite a few things are up in the air, not excluding new legislation and fiscal changes. Many small businesses are wondering how they will be affected, both financially and legally, below we will examine the latest information pertaining to solar tax credits, and whether or not businesses will qualify for one.
The Debate
With the pandemic, and state by state healthcare demands being prioritized, Washington is working overtime to meet everyone’s demands, but like everything on the national level, nothing Is set in stone right away and there is a current heated debate around what industries will receive bailouts, tax credits, and extensions for already existing tax credits. The current federal aid package for businesses is being put together, but it’s undergoing rocky beginnings. Things were going smoothly at first, but it reached a halt when Democrats, especially Nancy Pelosi made moves to add additional coverage in order to satisfy more constituents left and right, a common practice on Capitol Hill.
The features important to this industry and their inclusion is currently being negotiated, as solar tax credits and other agribusinesses are potentially being included along with an injection of over $58 billion in federal loans to the airline industry in exchange for new emission standards. The good news about this, however, is that these loans are shielded from disclosure for up to six months which would protect industries including solar energy from investors pulling out due to specific companies being listed as receiving a stimulus, ensuring that companies can operate without the pressure of outside money and support being rocky.
Don’t Hesitate: Get Informed About Solar Tax Credits Now!
While the current stimulus package is being worked out, some natural extension has been granted but this is not written in stone, so in order to maximize your likelihood of receiving a solar tax credit, you should reach out to us so we can assist you properly and quickly. We understand that as a business or homeowner you have quite a bit on your plate, and even if things are currently slow you want to be prepared for when things bounce back. This is where we can lend a hand, making sure everything is squared away and up to snuff both strategically and legally.
Things may be stressful now but it will not always be this way, and if you act with haste, you could have a great break by receiving a maximized tax credit. However, this should never be at the cost of your health and safety, for both you and your workers. That is why we are taking this pandemic extremely seriously and the majority of our workforce is working from home and doing what we can to emphasize and reinforce essential social distancing practices. For any consultation needs, we offer meetings through the application Zoom which is an industry leader in video conferencing. For general questions, we also offer live chat for customer service, but it is not 24/7 and only available during normal business hours.
For further information and assistance, contact us
