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Published 2 months ago

Feds offer bonus tax credits for offshore wind

Summary by CommonWealth Beacon
THE BIDEN ADMINISTRATION came through with tax guidance on Friday that may help reduce the price of power in the state’s upcoming offshore wind procurement, but it will probably have people in Barnstable scratching their heads. The new guidance expands eligibility for a bonus that would increase the investment tax credit for eligible offshore wind projects from 30 percent to 40 percent. Since each project represents an investment of billions of …

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