Advocates Press Congress for More Flexible Renewable Tax Credits (1)

A coalition of environmental groups called on Congress on Friday to let wind and solar developers claim a tax credit for either production or investment.

The economics of any renewable project “will vary depending on geography, technology type, timing, and other factors,” the groups wrote in a letter to the House Ways and Means Committee obtained by Bloomberg Law.

For example, a wind developer may in some cases prefer the investment credit. Giving developers the option of either credit would increase the incentive for new deployment, according to the letter.

The investment ...