Tax credits and solar tariffs affect timing of projected renewable power plant deployment

U.S. Energy Information Administration -------- The timing and magnitude of adding wind- and solar-powered electricity generators to the U.S. grid are sensitive to federal policies, especially federal tax credits that are currently scheduled to expire or diminish by 2022. In addition to the Reference case of EIA’s latest Annual Energy Outlook 2018 (AEO2018), which reflects current laws and regulations, three side cases show the potential effects of extending or eliminating certain tax credits. These cases also show the effect of the recently approved tariffs on imported solar photovoltaic (PV) cells and modules.Federal tax credits available for renewable technologies have been modified and extended several times since their first enactment in 1992. In the most recent enactment, as part of the December 2015 budget reconciliation bill (H.R. 2029), Congress extended the qualifying deadlines and phaseout schedules for the Production Tax Credit (PTC) and the Investment Tax Credit (ITC). To learn more click on the picture below to read the article.