US EditionWind, Solar Must Show ‘Significant’ Work but ‘No Fixed Minimum’ Under New Treasury Rules
The Treasury now requires substantial physical construction to qualify for federal wind and solar tax credits, replacing the previous 5% capital expenditure rule to prevent subsidy abuse.
- The IRS has updated renewable energy tax credit rules, requiring more construction work from wind and solar projects to qualify for tax credits.
- BloombergNEF estimates that these changes could reduce projected U.S. wind and solar growth by 50% and 23% over the next five years.
- Abigail Ross Hopper, CEO of the Solar Energy Industries Association, criticized the guidance as harmful, claiming it would raise electricity prices.
- Jeff Cramer, president of Coalition for Community Solar Access, stated that the guidance rewrites the law, disrupting bipartisan standards established during legislation.
11 Articles
11 Articles
The Treasury Department issued new guidelines restricting access to tax credits for wind and solar energy projects, in compliance with the executive order issued by President Donald Trump following the passage of the Republican law known as One Big Beautiful Bill.Read more]]>
New IRS rule makes it harder for wind and solar farms to qualify for tax credits
The Internal Revenue Service has issued new guidance that narrows eligibility for renewable energy tax credits, following the Trump administration’s broader efforts to roll back support for wind and solar development.Brad Plumer reports for The New York Times.In short:The IRS eliminated a key rule that let large wind and solar projects qualify for tax credits by spending just 5% of costs up front, forcing more projects to begin physical construc…
Trump Administration Tightens Rules on Tax Credits for Wind and Solar Energy
The Treasury Department has announced stricter rules for solar and wind projects to qualify for federal tax subsidies, which are being phased out over the next two years under President Donald Trump's Big Beautiful Bill. The post Trump Administration Tightens Rules on Tax Credits for Wind and Solar Energy appeared first on Breitbart.
Utility Dive
ESG DiveWind, solar must show ‘significant’ work but ‘no fixed minimum’ under new Treasury rules
To qualify for tax credits, projects will need to meet less cut-and-dried physical construction requirements instead of spending at least 5% of project costs to prove construction had commenced.
US Treasury issues guidance on ‘start of construction’ rules for solar, wind
The US Department of the Treasury has issued guidance on “start of construction” rules for solar and wind tax credits, outlining safe harbor provisions but leaving uncertainty over qualification requirements.From pv magazine USA The US Department of the Treasury has issued guidance on the “start of construction” rules for solar and wind projects seeking to safe harbor the 48E Investment Tax Credit and 45Y Production Tax Credit. Under the One Big…
A new guide published by President Donald Trump’s Administration has tightened the rules under which wind and solar projects can qualify for tax credits from the Biden era. According to Trump’s One Big Beautiful Bill, renewable energy developers have until next summer to start building the project in order to qualify for tax credits. Related:Trump’s New Order to Close the Way for Clean Energy Tax Credits in the U.S.The new guide stipulates that …
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