As the year draws to a close, developers should consider the available ITC adders from the Inflation Reduction Act (IRA) when planning which solar projects to build in 2025.
These funds – including the energy community and low income adders – may not be available in the future, so it’s important to capitalize on these opportunities now, and prioritize projects that are eligible for ITC adder funding. For example, projects that meet the Indian Land criteria offer an excellent opportunity to close strong as funding is still available.
To help you decide which projects to focus on for 2025, check out CleanFi’s short guide to the 10% adder for energy communities. The two resources listed here will help you determine if your project is in an energy community:
In short, if you’re managing a pipeline of solar projects, work with property owners to apply for ITC adder funding today to secure your project’s future.
In an email, CleanFi also suggested developers finalize installation contracts and get the related energy community map notarized. This will validate the presence of the energy community within the contract, and will aid in ITC adder approval.
