Bill to Preserve California Solar Tax Break Heads to Governor

The solar energy system financing transactions known as partnership flips wouldn’t be subject to tax benefit limits under a bill California lawmakers sent to the governor Thursday.

The bill (S.B. 267) would address tension between state and federal tax law and retain tax incentives for solar energy development, author Sen. Robert M. Hertzberg (D) said. State law exempts solar systems from property tax from the time of installation until the property is sold, while federal law offers an investment tax credit for renewable energy ...