investment tax credit (ITC)
CPUC
A California PUC judge has proposed the commission order an additional 6 GW of capacity for the state between 2029 and 2032 to get ahead of disappearing federal tax credits and loans for renewable energy resources.
CPUC
The California PUC is recommending the state build an additional 68.5 GW of new solar generation resources by 2045, despite new tariffs on imports and the planned elimination of federal tax credits.
Shutterstock
New York launched a renewable energy solicitation enlisting multiple agencies to expedite the process and get as many projects as possible approved while they still can qualify for federal tax credits.
AC Power
As solar development companies race to meet the deadlines by which they can secure federal investment tax credits before the program expires, developers see a better-than-expected short-term outlook but a grim long term.
Shutterstock
The Trump administration is tightening the rules on qualifying for tax credits on new wind and solar construction, but not as much as some feared it would.
© RTO Insider LLC
American Electric Power and Xcel Energy say clean energy projects are still a part of their plans, despite the hurdles placed in front of them by the federal government’s budget reconciliation bill.
Vineyard Wind
The expedited phaseout of federal tax incentives for renewables threatens projects and jobs across the clean energy industry in New England.
David Maiolo, CC BY-SA-3.0, via Wikimedia Commons
The U.S. Senate met through the weekend and overnight June 30 to work on Republicans’ budget reconciliation bill, passing it 51-50 with Vice President JD Vance casting the tiebreaking vote.
Shutterstock
The Senate Finance Committee released its proposal for the reconciliation bill, which cuts clean energy tax credits off entirely starting Jan. 1, 2028, but includes some changes from the version of the legislation that passed the House in May.
House Ways and Means Committee
Efforts by U.S. House committees to mark up the “One, Big Beautiful Bill” that includes most of President Donald Trump’s legislative goals could so complicate energy tax credit provisions as to make those instruments difficult to use at all.
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