Republican tax bill hits wind power, solar largely unscathed

3 Nov 2017   Solar, USA, Wind

A Republican tax bill unveiled on Thursday included cuts to renewable energy tax credits considered critical to enabling wind projects to compete with fossil fuel plants, but tax breaks for solar power were left largely intact.  The credits, which receive broad bipartisan support, were extended by Congress less than two years ago. The wind industry decried the proposal, saying it put $50 billion in planned investment at risk, while the solar sector expressed relief the bill mostly preserved the timeline laid out in 2015 for its primary tax credit. In the same legislation, Republicans proposed eliminating the $7,500 tax credit for electric vehicles. Greg Wetstone, president of the non-profit American Council […]

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