The Trump administration’s new Treasury Department guidance significantly restricts renewable energy projects’ eligibility for federal tax credits, rewriting longstanding standards for how wind and solar projects can qualify for such incentives.
However, Treasury’s plan is not as bad for the industry as some expected, as it allows many projects to receive credits through the end of the decade and is not retroactive as some had feared.
The guidance “is less restrictive than the rumors that were circulating around K Street,” Bracewell’s Tim Urban told E&E News.
