Green Guardrails -- The Empire Center

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Wind and Solar Projects Take a Tax Hit

  The renewable energy industry was reeling Friday over a move by the Trump administration to tighten tax rules for wind and solar projects. New Treasury guidance details how projects can qualify for lucrative federal tax credits, which are set to expire starting next summer. The upshot: It’s harder than expected.   The administration eliminated a key method--spending on things like equipment orders--that developers have long used to lock in eligibility for tax credits.   Now, projects must begin "physical work of a significant nature."   Oliver Kerr, managing director for North America for Aurora Energy Research, said the rules are “worse than many in the industry had expected or hoped for.”   The U.S. is building around 29 gigawatts of wind and solar projects. “ It will be challenging for a material number of additional projects to meet the new Physical Work Test requirements before June 2026,”  Kerr said.   A July executive order said the guidance s...
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an example of the big green comment people are filling on NYPA draft plan

  It's so frustrating and NYPA's unwillingness to fully identify the projects is suspect, as well.  I spent significant time this morning trying to find information about a company called Forward Power which is supposedly sponsoring project E4, a 180 MW project in Charleston, but they have no web presence.  A little more digging and I found that they are a joint venture between Invenergy and another company associated with Clean Path.   This led me to the following links, which seems to point to NYPA attempting to revive Clean Path as a "Primary Transmission Project."  Forward Power was a rumored bidder on the project according to the 1st article.  On Thursday, the PSC denied the petition, but it seems a clear indication of NYPA's downstate advocacy in this regard.  Apologies if I am covering info that you already are aware of. https://subscriber.politicopro.com/article/2024/12/nypa-pitches-transmission-line-revival-00195956   (Sorry, it's be...
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The Green-Energy Bill Is Finally Coming Due

  Rahm Emanuel conflates “taxpayers” with “ratepayers” as he laments the federal government’s reductions of energy tax credits in the One Big Beautiful Bill Act (“ Big Electric Bill? Thank Trump ,”   op-ed, Sept. 18). There’s plenty to debate about these incentives, but no one in or around government should pretend they’re free. The U.S. Treasury last year estimated  the two biggest energy-related credits, used primarily to subsidize wind and solar projects, would cost taxpayers $425 billion over the next decade. Congress slashed future taxpayer costs by phasing out these credits. The ratepayer cost and profile of future electricity generation will now change.  Instead of putting more charges on the national credit card , more of the cost of electricity generation will show up on monthly bills. This will prompt discussion about the state and federal policies that, years before the big, beautiful bill, caused electricity rates to begin climbing. Here’s hoping it ...
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