The rules for safe harboring clean energy tax credits are “not as bad as rumored” but uncertainty remains on qualification requirements.
The asset management firm launched the bridge lending program for pre-construction financing of solar, wind and energy storage projects.
Clean Energy Associates forecasts a significant drop in solar installations if the Department of Treasury strictly enforces an executive order from the White House related to timelines for tax credit eligibility.
Renewable-energy development company formed from a unit of the former Borrego Solar outlines a strong financial foundation but also job curtailments needed to preserve financial strength.
In a review of 75 different installer websites across 10 different states, pv magazine USA found some quick responses to the repeal of the tax credit, meant to generate a sense of urgency to sign solar contracts.
Developers will need to navigate expiring tax credits, stricter “safe harbor” rules and foreign content restrictions.
Foreign entity of concern (FEOC) rules deny tax credits for projects that exceed using certain thresholds of Chinese products.
The order tightens the deadline for project tax credit eligibility and orders the Treasury to apply enhanced Foreign Entity of Concern restrictions to imports.
Sen. Hickenlooper is expected to ask for a one-year extension, sunsetting the 25D tax credit after 2026.
The Wood Mackenzie/American Clean Power U.S. Energy Storage Monitor forecasts 15.2 GW/48.7 GWh of capacity will be added in 2025 across all sectors.
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