Investment Tax Credit

“The investment tax credit and production tax credit that helped, along with policies in other countries, drive the cost of solar power down by about 90% since 2009 and wind power down by about 70% since 2009.”

“Because the tax credit transitions to a technology neutral, you know, tax credit for any zero emissions generation, all of the advanced nuclear startups that are moving their way through permitting and into first commercial demonstration will also have access …”

“After it passed the Senate, I think there was, you know, some of my clients started putting deals a little bit on pause so they could rerun the numbers. For example, I had one client that was entering into an ITC transaction, had already had most of the negoti…”

“Standalone storage can now claim the investment tax credit, and then there's also a new advanced manufacturing production credit that will go into effect in 2023, and that includes some provisions for equipment manufactured for energy storage.”

“I mean, we were seeing tax credits slowly phasing down, so projects that were at a 22% eligibility are now potentially 50% ITC projects. I mean, that's significant in economics. That's, you know, 30%, 50%, hundred percent increase in value on what some of thes…”

“If you're talking roughly 40% tax credit to begin with, and you roll that off, You know, you're effectively talking about ballpark a three cent a kilowatt hour increase in pricing, right?”

“If you have solar wind at 25 dollars a megawatt hour today, which is feasible, those are good wind and solar projects, but maybe not even the best And you take that, that's with the ITC or PTC in the case of wind, and you take away that subsidy, you probably g…”

“ITC, PTC, the Tax Credits for Wind and Solar, where the rules are set in the bill such that you can commence construction by the end of twenty-twenty-six and then not be subject to a restrictive placed in service date.”

“Which is, you get a 30% base ITC. If you have domestic content, you meet the domestic content requirements, you're still eligible for a 10% adder, and if you deploy that storage system in an energy community, you get an additional 10% adder on top of that. So …”