Trump Admin Gives Renewables More Time To Take Advantage Of Tax Credits

"The Trump administration is making it easier for renewable energy projects to take advantage of certain tax credits amid the coronavirus pandemic.

The Treasury Department and Internal Revenue Service issued a notice Wednesday that said it would give some companies that started construction in 2016 or 2017 an extra year before they have to put their projects in service.

The notice also allows some companies additional time to receive materials for construction in order to meet a requirement to start construction."

Rachel Frazin reports for The Hill May 27, 2020.

Source: The Hill, 05/28/2020