In its original form in the Senate tax bill, that provision could have derailed the financing of new renewable projects. Roughly two-thirds of wind projects and three-fourths of solar projects in the United States are supported by such tax-equity financing. Advertisement Continue reading the main story“We’re grateful that Congress eliminated most of the provisions that would have been devastating to the renewable energy sector,” said Gregory Wetstone, president of the American Council on Renewable Energy. The intense scrutiny toward the tax bill highlights how much the recent growth in renewable energy still depends, to some extent, on policy choices. The tax bill originally passed by the House had included an additional extension of tax credits for technologies like nuclear power, fuel cells and carbon capture.

Source: New York Times December 16, 2017 19:52 UTC