New Treasury guidance will make it more difficult for clean energy companies to meet the requirements to get a tax credit boost for sourcing materials in the US, industry insiders said.
President Joe Biden’s tax-and-climate law offers an optional 10% tax credit boost for clean energy developers who can prove that all of their iron and steel, and 40% of the components of their facility, are made in America.
Those lucrative incentives hinge on developers getting access to the US source materials, for which demand already far surpasses what the country produces.
“The incentives need to be both challenging and ...
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