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NREL:Impacts of Federal Tax Credit Extensions on Renewable Deployment and Power Sector Emissions

NREL:Impacts of Federal Tax Credit Extensions on Renewable Deployment and Power Sector Emissions

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Federal tax credits for renewable energy (RE) have served as one of the primary financial incentives for RE deployment over the last two decades in the United States. In December 2015, RE tax credits, including the wind power production tax credit and solar investment tax credits, were extended as part of the Consolidated Appropriations Act of 2016. The act extended the solar and wind tax credit deadlines by five years from their prior scheduled expiration dates, but included ramp downs in tax credit value during the latter years of the five-year period. This report explores two specific questions: (1) How might RE deployment in the contiguous United States change with these recent federal tax credit extensions? (2) How might this change in RE deployment impact carbon dioxide (CO2) emissions in the power sector?More InformationNREL

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Anand Gupta Editor - EQ Int'l Media Network

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