{"id":387486,"date":"2025-07-08T10:31:58","date_gmt":"2025-07-08T08:31:58","guid":{"rendered":"https:\/\/climatescience.press\/?p=387486"},"modified":"2025-07-08T10:31:59","modified_gmt":"2025-07-08T08:31:59","slug":"u-s-renewables-mad-scramble-to-build-is-on","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=387486","title":{"rendered":"U.S. \u201crenewables\u201d mad scramble to build is on"},"content":{"rendered":"\n
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From CFACT<\/a><\/p>\n\n\n\n

By David Wojick<\/a><\/p>\n\n\n\n

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The big, beautiful new tax law creates a not-so pretty loophole that untold billions of dollars’ worth of renewable projects are going to try to squeeze through. Anytime you screw with the market, you get screwy results, and this is titanic screwing. Watching it could be great fun.<\/p>\n\n\n\n

The specifics are simple enough. The massive federal subsidies for wind and solar will end soon, with one big exception. Any project that can get under construction in less than a year from now and come online by 2030 still gets all the goodies.<\/p>\n\n\n\n

Given that the queue of proposed wind and solar projects tops a trillion dollars, there will be many billions worth that try to make the short-term construction deadline. That many of these likely will fail makes it especially interesting. It is a prescription for financial chaos.<\/p>\n\n\n\n

Of course the huge immediate question is, what does it take to be under construction? The subsidies are in the form of investment and production tax credits so the IRS makes the rules. Happily, a similar but much smaller version of this issue occurred in 2013.<\/p>\n\n\n\n

The IRS has a little rule book titled \u201cBeginning of Construction for Purposes of the Renewable Electricity Production Tax Credit and Energy Investment Tax Credit\u201d here:<\/p>\n\n\n\n