A recent executive order and changes in U.S. tax law have created urgency within the renewable energy sector, particularly affecting production tax credits (PTC) and investment tax credits (ITC) tied to the beginning of construction for wind and solar projects. Developers are rushing to initiate projects to qualify for federal subsidies before potential congressional changes. Discussions in Congress indicate a deprioritization of solar and wind generation tax credits, raising concerns about the future of clean energy incentives. Industry experts and legal analysts emphasize the need to act promptly to claim available tax credits amid this evolving legislative environment.
President Trump and Congress Deprioritize Solar and Wind Generation https://t.co/TT6pLcsJHc #Energy #Tax #Government @ArentFoxSchiff
𝗨.𝗦. “𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀” 𝗺𝗮𝗱 𝘀𝗰𝗿𝗮𝗺𝗯𝗹𝗲 𝘁𝗼 𝗯𝘂𝗶𝗹𝗱 𝗶𝘀 𝗼𝗻 The new U.S. tax law has sparked a chaotic rush in the renewables sector, with developers scrambling to exploit a loophole for massive federal subsidies. Wind and solar projects must start https://t.co/7Whzk8vh6l
Congress is killing clean energy tax credits. Act now to claim them | Grist https://t.co/RvYwmEzMxL