Treasury Expands Tax Break Eligibility For Renewables On Federal Land

The Treasury Department is expanding the timeline for renewable energy projects on federal lands and waters to qualify for lucrative tax incentives, a move that could lead to a wider deployment of the zero-emitting power resources particularly as the incoming Biden administration puts a greater focus on climate policy. In a notice issued late last month , Treasury and the IRS say such projects satisfy “continuity safe harbor” requirements for federal tax breaks if they are completed within 10 years,...