Fact sheet describes federal investment tax credit (ITC) considerations for privately owned solar photovoltaic (PV) projects on federal land and buildings. The ITC is an economically valuable federal tax incentive offered to taxable business entities that invest in solar and other energy technologies. Although federal agencies are not eligible for the ITC, they can still benefit from the tax credit if the PV system is on a federal building or land and is privately owned; the private owner can monetize the PV system's tax benefits and pass these savings on to the federal agency in the form of a lower contract price for electricity.