Safe Harbor Inventory definition
Safe Harbor Inventory means solar panels, inverters and module-level electronics acquired pursuant to agreements entered into by Sunrun or any Affiliate thereof for the purpose of, among other things, allowing Sunrun to have a sufficient quantity of solar panels, inverters and module-level electronics for installation by Sunrun and its channel partners as “safe harbor” components in Projects for purposes of allowing such Projects to qualify for the then-highest available ITC pursuant to IRS Notice 2018-59, 2018-28 I.R.B. 196 (June 22, 2018).
Safe Harbor Inventory means the solar components described at item 1 of Schedule 5.1(q) of the Reorganization Agreement.
Examples of Safe Harbor Inventory in a sentence
All costs incurred by Solar Sail, LLC with respect to the Safe Harbor Inventory were properly incurred within the meaning of Notice 2018-59 in 2019.