The Trump administration has mounted attacks against wind and solar projects in the US, and incoming Treasury Department and IRS guidance could further limit the number of companies that can qualify for the rolled-back energy tax credits.
Republicans’ tax-and-spending law largely ended or hastened the phase-down for energy tax credits from the Democrats’ 2022 climate law. It was particularly tough on solar and wind projects. Though renewables are often the cheapest source of electricity, the tax credits are often pivotal pieces of financing for new projects.
Annual clean-energy installations will plunge 41% after 2027 because of the rapid phase-outs of ...
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