On February 5, 2021, House Democrats reintroduced the GREEN Act. The GREEN Act extends federal tax credits for renewable energy and expands them to include new storage technology.

Key provisions include:

  • extending the Investment Tax Credit (ITC) for solar energy at 30% through 2025 before phasing down to 26% in 2026, 22% in 2027 and then 10% from there;
  • extending the 30% investment tax credit for offshore wind property through 2026;
  • preserving the wind production tax credit’s 60% phaseout level through 2026;
  • extending the production tax credit for marine and hydrokinetic renewable energy facilities through 2026; and
  • providing for a 30% investment tax credit for energy storage technology.


Continue Reading New and Expanded Clean Energy Tax Incentives on the Horizon

Husch Blackwell and the Texas Renewable Energies Industries Alliance have teamed up to produce a webinar series focused on the Texas solar industry, titled “On the Horizon”. Register here for the final webinar in the series, in which Husch Blackwell’s Chauncey Lane and Jason Reschly will focus on solar development finance and the investor tax credit.  They’ll give advice on tax requirements to qualify for solar tax credits, discuss tax issues for structuring transactions, identify trends in
Continue Reading Webinar: Solar Finance and the Investor Tax Credit