Bipartisan bill aims to help solar producers take advantage of tax credit

A new bipartisan bill aims to help the solar energy industry take advantage of a tax credit.THE House legislation introduced Thursday by Reps. Mike Levin (D-Calif.) and Dave Schweikert (R-Ariz.) would temporarily make the solar Investment Tax Credit (ITC) refundable, meaning that the amount of money that solar producers receive from the tax credit may exceed the amount that they owe in taxes. It would also slow the credit’s phasedown, under…