Ways and Means proposed budget will strike a blow to community solar

BCSE Priorities Regarding House Ways and Means’ Proposed Reconciliation Bill

On May 12, the U.S. House of Representatives’ Ways and Means Committee released their portion of the budget reconciliation bill. The bill includes proposals to alter existing federal energy tax credits, varying from rapid elimination of several credits, to new phasedown schedules, and to adding new requirements including provisions related to foreign entities of concern. A chart by the Clean Energy Business Network (CEBN) detailing these propose…

Ways and Means proposed budget will strike a blow to community solar

Scaling back the Investment Tax Credit could stymie American energy independence, local economic growth and private investment.Community solar provides clean energy to residential ratepayers as well as business owners by letting them subscribe to a portion of an off-site solar facility’s generating capacity, for which they receive credit on their utility bills. The draft budget of the House Ways and Means Committee includes an early phase-out of…