CleanTechnica•16 days ago
IRS Sued Over Anti-Solar & Anti-Wind Tax Rules
Key Takeaway
A legal challenge to IRS tax credit rules could reshape the financial landscape for wind and solar projects, directly impacting development costs and PPA opportunities for developers and large power consumers.
AI Summary
- •A broad coalition, including tribal utilities and consumer groups, has filed a lawsuit against the IRS and Treasury Department.
- •The lawsuit alleges that new tax credit guidance illegally discriminates against wind and solar energy projects.
- •The outcome of this litigation could significantly alter the financial viability and deployment timelines for future renewable energy developments.
- •Developers and large power consumers should monitor this case closely, as it could impact PPA pricing and project feasibility for wind and solar assets.
Topics
financingirapolicysolarwind
Article Content
Tribal utility, localities, and consumer and environmental groups argue tax guidance illegally hurts renewable energy. WASHINGTON, D.C. — A broad array of groups with strong interests in clean and affordable energy sued the IRS and Treasury Department over new rules for tax credits that unfairly and illegally discriminate against wind ... [continued] The post IRS Sued Over Anti-Solar & Anti-Wind Tax Rules appeared first on CleanTechnica .