Media Coverage: Greg Jenner on Chances for Extended Tax Credits for Renewable Technologies

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Tax attorney Greg Jenner is quoted in Greentech Media in an article titled “Tax Credits for Renewables Get Another Shot in Congress,” published Nov. 19, 2019; Solar Industry in an article titled “Five-Year Solar ITC Extension Included in Tax Package,” published Nov. 19, 2019; pv magazine in an article titled “ITC extension hits the house, St. Louis going clean: pvMB 11/20/19,” published Nov. 20, 2019; and Utility Dive in an article titled “House clean energy tax bill sees broad industry support, but Senate path uncertain,” published Nov. 20, 2019.

The articles discuss a clean energy tax package recently released by the House Ways and Means Committee. The Growing Renewable Energy and Efficiency Now, or GREEN Act, includes a five-year extension of the 30% solar Investment Tax Credit (ITC) and of the onshore wind Production Tax Credit (PTC), which is due to expire this year, as well as new incentives for energy storage.

Proponents of the legislation, which has bipartisan support in the house, tout the benefits it will provide if passed – the creation of thousands of jobs, addition of billions of dollars of private investment to the U.S. economy and reduction in emissions.

Jenner said that even with support in certain quarters for extensions of the ITC and PTC, legislators are likely to take “the path of least resistance” while their attention is on other issues. “Frankly, it’s too soon to have any clear sense of how things will play out,” he said. “We likely will see a month-long extension to get us into December, but the situation is still too fluid, and Ukraine is sucking all the oxygen out of D.C.”    

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