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Tue Dec 22, 2020, 11:26 AM

Federal stimulus includes wind, solar tax credit extensions, adds first US offshore wind tax credit

Dive Brief:

Congress on Monday passed another stimulus package as a response to the COVID-19 pandemic.

The package includes extensions on the solar and wind production tax credit (PTC) and investment tax credit (ITC), energy efficiency incentives, research and development "enhancements" for clean energy technologies and more, according to a joint statement from House Speaker Nancy Pelosi, D-Calif., and House Senate Minority Leader Chuck Schumer, D-N.Y.

The relief package is the second implemented this year, and the first to extend aid to the renewable energy industry. It also includes several provisions from the Senate's American Energy Innovation Act, championed by Sens. Lisa Murkowski, R-Alaska, and Joe Manchin, D-W.Va., earlier this year, as well as from the House's companion bill. The inclusion marks the first time in 13 years Congress has passed comprehensive energy policy.

https://www.utilitydive.com/news/federal-stimulus-includes-wind-solar-tax-credit-extensions-adds-first-us/592572/

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Reply Federal stimulus includes wind, solar tax credit extensions, adds first US offshore wind tax credit (Original post)
Alex4Martinez Dec 2020 OP
idziak4ever1234 Dec 2020 #1

Response to Alex4Martinez (Original post)

Tue Dec 22, 2020, 11:29 AM

1. These are the types of programs that will help make alternative energies more competitive.

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