NEW ENERGY MOVES AWAY FROM INCENTIVES
The U.S. Tax Breaks That Clean Power Doesn't Seem to Mind Losing
Mark Chediak and Chris Martin, October 28, 2015 (Bloomberg News)
“The most significant U.S. tax credit for solar power will expire at the end of next year, and the biggest one for wind power already has. Renewable-energy developers aren’t losing much sleep over it…The need for tax breaks, which once underpinned the economics of wind and solar projects, is fading as prices fall and the technologies become more competitive with electricity produced from fossil fuels. At the same time, other federal policies such as the Obama administration’s Clean Power Plan are creating new incentives for renewable energy plants...
"Developers are planning now for the day when they will no longer receive the credits…The end of the [2.3 cents per kilowatt-hour federal] production tax credit for wind power will lead to ‘only a temporary blip’ in the market [and solar will remain competitive without its 30% federal investment tax credit, according to] NextEra’s renewable development unit]…”
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posted by Herman K. Trabish @ 9:14 AM
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