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Texas A&M University School of Law

Tax Law

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Fading Into The Sunset: Solar And Wind Energy Get Give More Years Of Tax Credits With A Phase-Down, Felix Mormann May 2016

Fading Into The Sunset: Solar And Wind Energy Get Give More Years Of Tax Credits With A Phase-Down, Felix Mormann

Faculty Scholarship

In the closing weeks of 2015, the solar and wind energy industries scored a major policy victory as Congress voted to extend the tax credits that have been a key driver of recent renewable energy deployment in the United States. Legislators reached a rare bipartisan compromise when renewable energy advocates agreed to lit the 40-year old export embargo on U.S. oil in exchange for an extra ive years of tax credit support for solar and wind energy. Renewable energy practitioners can now help their clients take advantage of these incentives for several more years and would be wise to do …