The Treasury Department has issued guidance that narrows the eligibility of wind and solar energy projects for remaining tax credits that were largely eliminated under the Republicans’ “big, beautiful bill.” The legislation axes credits for projects that don’t begin producing electricity by 2028, but contains an exemption for projects that begin construction over the next year. The Trump administration’s new guidance sets further restrictions on which projects are considered having begun construction, requiring continuous construction and significant physical work. Even if the project meets these requirements, it must produce electricity by the end of the fourth calendar year after it begins construction. The renewable energy industry and climate advocates have criticized the guidance, arguing it will slow the buildup of low-carbon energy sources and delay the buildout of affordable, reliable power. The maneuvers come after disagreements between moderate and conservative Republicans over how rapidly to eliminate the credits. President Trump has also used other policies to go after renewables, including efforts to slow federal approvals of wind and solar projects.
The Treasury Department has set restrictions on the remaining wind and solar tax credits. HoangMySpa 147
