The manual also sheds light on the implications of these changes on new business models for both industries and their customers.

In October 2008, the US Congress extended the federal solar investment tax credit (ITC) for eight years and removed the utility exemption, which prevented regulated utilities from owning or investing in solar electric projects. As a result of the changes, utility-owned projects are expected to both increase significantly and provide a needed economic boost to the solar industry during the current economic downturn.

The Utility Solar Tax Manual provides solar tax credit interpretation on utility ownership, customer ownership, unique business structures, and several other policy issues.

In addition to providing guidance to both those with and without tax expertise, the manual also includes a section on the Clean Renewable Energy Bonds (CREBs) that are available to municipal utilities and electric cooperatives.