The IRS has released new guidance (Notice 2013-70) (the “Guidance”) in the form of a Q-and-A interpreting tax credits available to individual taxpayers under IRC Section 25D (Residential Energy Efficient Property) (the “25D Credit”) and IRC Section 25C (Nonbusiness Energy Property). Particularly noteworthy are the Questions and Answers interpreting the eligibility of off-site installations and net-metering arrangements on individual taxpayers’ eligibility to take the 25D Credit, specifically Questions and Answers 25 and 26
The Hawaiian Electric Company (HECO) announced steps to enable more rooftop solar systems to connect to the grid. the amount of solar on the Islands’ electric grids has nearly doubled every year since 2008. Hawai’i has also eclipsed all but one other state in the country in terms of solar watts installed per capita, according to IREC’s 2012 U.S. Solar Market Trends Report.