A clunky tax credit system keeps vital incentives like the ITC and PTC from working the way Congress intended. Direct pay is the key to ensuring U.S. projects have efficient access to low cost capital with greater certainty by providing cash incentives directly to clean energy projects and project sponsors. February 28, 2022 Jon PowersMany of us working in clean energy pushed hard for the game-changing Build Back Better package only to see it whittled down and finally stopped in its tracks. Though disappointed, we remain hopeful that a climate package can still gain consensus in Congress. And while other, more controversial proposals garner headlines, the biggest opportunity to create explosive growth in clean energy could come from a simple, cost-effective fix to the clean energy tax credit system.Federal incentives for clean energy have already proven enormously successful;…
Clean energy tax credit reform is our last, best chance for a net-zero future – pv magazine USA
