"Renewable projects have historically been able to qualify for federal tax credits once a developer spent 5 percent of a project’s cost. But that threshold would be scrapped under the new Treasury Department guidance."
"The Treasury Department tightened the rules Friday for renewable projects that can qualify for federal tax credits.
Renewable projects have historically been able to qualify for federal clean energy tax credits once a developer spent 5 percent of a project’s cost. But that threshold would be scrapped under new Treasury guidance.
The order comes after President Donald Trump ordered Treasury in July to tighten the definition for the start of construction, in an attempt to limit “market distorting subsidies for unreliable, foreign controlled energy sources.”"
Benjamin Storrow reports for E&E News August 15, 2025.
SEE ALSO:
"I.R.S. Makes It Harder for Wind and Solar Projects to Claim Tax Breaks" (New York Times)
"Looming Treasury Rule Casts Pall Over Future Of Renewables" (E&E News)
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