October 29, 2020 Read More →

Few standards exist for renewable energy tax breaks

North American Clean Energy:

An advisory published by the Institute for Energy Economic and Financial Analysis (IEEFA) warns that too few standards exist for renewable energy tax abatement deals, even as utility-scale solar and wind power continue to quickly gain market share across the electricity generation sector.

The advisory, Negotiating Responsible Tax Breaks on Renewable Energy Deals, includes guidance on practices and cautions that towns and counties that neglect to conduct due diligence on renewable energy deals run the risk of being exploited by developers.

“With state-mandated renewable energy portfolios expanding, and with growing demand from corporations  for renewable power, the pressure on local governments and school districts to approve utility-scale solar and wind projects has never been more pronounced—and is likely to accelerate,” said Brent Israelsen, an IEEFA consultant and lead author of the advisory. “Any local government contemplating a renewable energy tax abatement should ensure the project is structured fairly.” 

[Staff Report]

More: How to Negotiate Tax Breaks for Renewable Energy

Posted in: IEEFA In the News

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