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Trump further limits renewable tax credits

The Treasury Department issued guidance Friday that narrows which wind and solar energy projects can receive the remaining tax credits that were largely eliminated under the Republicans “big, beautiful bill.”

© Michael Sohn, Associated Press file

The passed by Republicans last month axes the credits for projects that don’t begin producing electricity by 2028.

However, it contains an exemption for projects that begin construction over the next year. Under the law, those projects would remain eligible for the subsidies even if they don’t produce electricity under the specified time frame.

The Trump administration’s new guidance, however, sets further restrictions on which projects are considered having begun construction.

It say

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