Build Back Better
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Legal & Regulatory
Energy Security, Climate Change Initiatives Endure with Surprise U.S. Senate Deal
The inclusion of an estimated $369 billion in energy security and climate change investments in a July 27–unveiled U.S. Senate budget reconciliation proposal has prompted optimism from a range of energy sectors. Less than two weeks after negotiations on clean energy and climate provisions within the reconciliation package hit an impasse and suggested their demise, […]
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Commentary
Direct Pay Proposals in the Build Back Better Act and Observations from Industry Insiders
Under current law, there are significant tax benefits for renewable energy projects in the United States. These benefits include nonrefundable ITC and PTC tax credits and depreciation deductions. From the perspective of a renewable energy developer, however, such tax benefits may be difficult to use effectively. Currently, ITC and PTC tax credits are nonrefundable, meaning that […]