US-based solar and battery storage systems developer and operator SolarBank Corporation says it is positioning itself to capitalize on federal tax credits before the upcoming policy deadlines. It plans to fast-track construction on a pipeline of advanced-stage solar projects.
The company plans to prioritize the deployment of projects supported by its $100 million financing agreement with CIM, ensuring timely execution and maximum incentive capture. It can support the construction of a 97 MW portfolio in several high-value solar markets in the country.
“The Company has prioritized development pathways in key U.S. states where site control, interconnection progress, and permitting are sufficiently advanced to qualify for full ITC treatment under the new rules,” shared SolarBank.
Solar and wind energy projects that enter construction by July 4, 2026, can qualify for full tax credits if they reach commercial operations within 4 years under the One Big Beautiful Bill Act (OBBBA) (see Trump Signs Executive Order To End Green Energy Subsidies).
Additionally, the company says its diversified footprint across Canada also offers it resilience against US policy risk.
“SolarBank benefits from Canada’s support to clean energy,” said SolarBank CEO Dr. Richard Lu, “and is leading the charge to build Canada as an energy superpower.”
Lu says Canadian Prime Minister Mark Carney’s ‘Build, baby, build’ initiative is aimed at fast-tracking the push for infrastructure, housing, and energy development. This acts as a major accelerant for clean energy developers with shovel-ready assets.
Yet, SolarBank continues to expect robust demand in the US for solar and storage.
“As costs continue to fall, and with superior speed to market, in my view there remains a bright future for solar and battery storage projects,” added Lu.
Wood Mackenzie expects a solar installation rush in the near term in the US, as developers rush to meet the July 4, 2026, deadline to claim tax credits, like SolarBank. But in the long term, it sees looming uncertainty (see Wood Mackenzie Cuts 10-Year US Solar Forecast By 17%).
