Solar developers working in the U.S. have spent years refining their plans to secure the federal Investment Tax Credit for as much of their pipeline as possible by “safe-harboring” projects in advance of the step-down taking place. As long as developers meet certain criteria, projects brought online after the step-down begins can still secure a 30 percent tax credit.
But even the most carefully laid plans didn’t account for COVID-19. The disease’s spread has squeezed the global economy and brought disruptions to supply chains, including for the solar industry.
