Denies energy credits for solar energy facilities on prime or unique farmland.
The PANELS Act amends the Internal Revenue Code to deny the energy credit for solar energy facilities located on prime or unique farmland, as defined by the Secretary of Agriculture. This change applies to property placed in service after the enactment of the Act. The Act also adds definitions for "prime farmland" and "unique farmland" and modifies the clean electricity production credit to exclude such properties.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.