Long-term Tax Incentives Could Spur Renewable Energy Movement
2/16/2010

Summary:

Stoel Rives attorney Bill Holmes discussed in EnergyBiz Insider U.S. tax policy for incentivizing renewable energy development. The U.S. currently provides a mix of production tax credits, investment credits and cash grants to encourage renewable energy projects. However, these tax incentives are generally only extended for 1-3 years, and in some cases have been allowed to expire. Other nations, by contrast, have enacted long term incentives.

"The industry is dependent on extension of tax credits," said Holmes. "It would be nice to have something the industry could count on. It would motivate investment in infrastructure. Otherwise, if you look at sunset, the enthusiasm is limited."

"Growing the Green Evolution" was published by EnergyBiz Insider, February 5, 2010.