Section I.C.1. of the Consumer Protection Handbook states that “Any marketing to customers that mentions a federal investment tax credit (FITC) must be accurate based on current availability and limitations of any such credit and must not be misleading.” Although the residential tax credit has sunset, the commercial credit is still available and may be used by tax-exempt entities through Elective Pay. The IPA has received reports of misleading marketing regarding Federal Tax Credits, including overestimates of the tax credit some projects are eligible for and assurances that certain equipment qualifies when, in fact, it does not.
The IPA strongly encourages all Approved Vendors and Designees to take caution when speaking with customers about the eligibility of individual projects for certain levels of tax credits, especially tax-exempt customers eligible for Elective Pay. That option carries its own set of requirements that may differ from the requirements for the commercial ITC. Additionally, AVs and Designees generally should exercise caution when discussing tax credits with customers or projecting the amount the customer will receive. The IPA encourages customers to consult with a tax professional.
Thank you!
Illinois Shines Program
[email protected]