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WindAction | Wind, solar, EE, CO2 storage win tax breaks


The Energy Act of 2020 includes a two-year extension of the investment tax credit (ITC) used by solar power generators (keeping the ITC at 26% through year-end 2022 instead of falling to 22% in calendar year 2021), a one-year extender for the production tax credit (PTC) used by wind developers, and a new 30% ITC for offshore wind projects that commence construction by the end of 2025.
Wind and solar generation, energy efficiency and carbon capture all won tax break extensions in the massive stimulus and budget bill that was poised for approval by Congress Monday night.
The Energy Act of 2020 includes a two-year extension of the investment tax credit (ITC) used by solar power generators (keeping the ITC at 26% through year-end 2022 instead of falling to 22% in calendar year 2021), a one-year extender for the production tax credit (PTC) used by wind developers, and a new 30% ITC for offshore wind projects that commence construction by the end of 2025. ....

United States , Lisa Murkowskir Alaska , Eddie Bernice Johnsond Texas , Brad Crabtree , Gregory Wetstone , Heather Zichal , Rob Cowin , Frank Pallone , Senate Committee On Energy , Energy Management Program , House Committee On Science , House Committee On Energy , National Laboratories , While The Coalition , Energy Policy , Weatherization Assistance Program , Department Of Energy , Senate American Energy Innovation Act , Energy Efficiency , Research Projects Agency , Carbon Capture Coalition , Union Of Concerned Scientists , American Council On Renewable Energy , Energy Independence , American Clean Power Association , Congress Monday ,