The Treasury Department issued guidance Friday that narrows which wind and solar energy projects can receive the remaining tax credits that were largely eliminated under the Republicans’ “big, beautiful bill.”
The legislation passed by Republicans last month axes the credits for projects that don’t begin producing electricity by 2028.
However, it contains an exemption for projects that begin construction over the next year. Under the law, those projects would remain eligible for the subsidies even if they don’t produce electricity under the specified time frame.
The Trump administration’s new guidance, however, sets further restrictions on which projects are considered having begun construction.
It says that construction of these projects must be “continuous.” It also defines “having begun construction” as having done “physical work of a significant nature.” This includes activities like manufacturing equipment and excavating land to begin placing equipment in it. But it excludes activities like only having done surveys, test drilling or excavation for purposes of altering the landscape.
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Author: Marty Kaufmann
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