[LDES-coremodel] Fwd: Legal Update: Solar and Wind Tax Credits Extended, Again

[Sarah Kurtz]

It looks like we can revise our baseline data again as the tax credits are extended...

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From: "Mayer Brown News" <news at mayerbrown.com<mailto:news at mayerbrown.com>>
Subject: Legal Update: Solar and Wind Tax Credits Extended, Again
Date: December 22, 2020 at 5:53:35 PM PST
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[Legal Update]


December 22, 2020



Solar and Wind Tax Credits Extended, Again


On Monday, December 21, 2020, the United States Congress passed a second large stimulus bill (the “Relief Bill”) aimed at curtailing the economic disruptions caused by COVID-19. The Relief Bill, among other things, extends renewable energy tax credits for wind projects, solar projects and carbon capture and sequestration projects and contains specific provisions addressing offshore wind farms. These extensions include a one-year extension for wind projects, a two-year extension for solar projects and a two-year extension for carbon capture and sequestration projects. President Trump is expected to sign the Relief Bill and has until December 28, 2020, to do so, when the current stopgap funding measure expires. This Legal Update provides further detail.

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