House panel offers details on solar benefits in $3.5t budget bill
If passed later this year, the bill as currently drafted would extend the full ITC for 10 years before phasing it down between 2032 and 2033.
Sunrise brief: An energy tax credit that wins the support of the fossil fuel industry and environmentalists?
Also on the rise: A startup invents a breakthrough battery electrolyte, renewables generated a record amount of electricity in 2020, a 250 MW solar project is proposed in Wyoming, and more.
Tax credit would target emerging tech in solar, storage, and hydrogen
The bill would offer both a PTC and an ITC and won the support of the Environmental Defense Fund and the American Petroleum Institute.
