On the ultimate day of its 2025 session, the California state legislature handed Senate Bill 302 to exempt photo voltaic builders from paying taxes on IRA advantages. The overwhelming majority of states don’t tax such advantages. The legislature additionally superior a bill to create a Western regional electricity market.
“We applaud California legislators for passing Meeting Invoice 825 and Senate Invoice 302, two commonsense methods to assist tackle power affordability within the state. We urge Governor Newsom to signal these payments, which come amid relentless assaults and crimson tape from Washington which can be hindering photo voltaic improvement and elevating Californians’ electrical payments,” mentioned Stephanie Doyle, California state director for SEIA. “SB 302 will preserve power challenge prices down by permitting California power builders to understand the complete worth of federal tax incentives.
SB 302 was launched by Sen. Steve Padilla and would make the IRA tax exemption retroactive to the 2023 and 2024 tax years, in keeping with E&E News.
“State management on clear power coverage is extra vital now than ever. The photo voltaic and storage business will proceed to work with state leaders to ensure that all Californians can entry the clear, reasonably priced power they’re demanding,” Doyle continued.
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