President Donald Trump signed the $900 billion stimulus deal and $1.4 trillion government funding bill in late December. The legislation includes many renewable energy provisions, including extensions of critical tax credits for renewable energy and carbon sequestration. The legislative text of the bill is available here.

In particular, the package includes a two-year extension for the investment tax credit (ITC) for solar projects at 26%, a one-year extension of the 60% production tax credits (PTC) for onshore wind, a new 30% ITC for offshore wind projects that begin construction prior to 2026, and a two-year extension to start construction for carbon sequestration projects.

Solar

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]