re: Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar

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Surprisingly the French understand this (unlike the Germans). This is the one area I wish the US would be more like the French.

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If this bill changes 48U tax credits for nuclear it’s a death sentence for development. We’ll see zero new reactors come online in our life without a production tax credit.

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I guess solar and wind projects are going to shift into high gear so they can be completed before the end of 2027.

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The bill was changed significantly since this article but yes it’s going to be madness for the ext few years depending on which version ends up getting through. Tax credit sunset and the distinction between placed in service or construction commenced will be the key to what that looks like. All the big capital players are primed up and ready to go.