The One Big Beautiful Bill Act (OBBBA) specifically made several changes to the technology-neutral clean electricity investment tax credit (ITC) and production tax credit (PTC). These tax credits have been central to bringing the cost of wind and solar down such that they are now widely available and have been the cheapest sources of new electricity. The loss of these tax credits will slow down wind and solar deployment, forcing developers to rethink contracting and financing arrangements under new terms.

Despite these changes, wind and solar will continue to be the cornerstone of an affordable electricity mix. Accelerating the deployment of projects in the short-term is essential to meeting states’ electricity needs, while working long-term to smooth the path for these projects and bring their costs down even without tax credits. By accelerating procurement of these resources that are already planned and in process, states can help get them online before the tax credits expire, ensuring the best deal possible for their residents. It‘s important to take advantage of these tax credits while they are still available and it’s crucial to get these projects built to meet the nation’s electricity demand.

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