Wind, Solar Credit Phaseout Said to Be Under Consideration for Broader Tax Deal

By Ari Natter, Bloomberg BNA.

Nov. 24 — A phaseout of both the wind production tax credit and the solar investment tax credit are said to be under consideration by congressional leaders in both the House and Senate as part of a broader deal to extend dozens of expired tax credits, a Democrat leadership aide and lobbyists briefed on the issue told Bloomberg BNA Nov. 24.

Details of the proposal were still fluid, but talks were said to focus on gradually ramping down the 2.3 cent per kilowatt-hour production tax credit and the 30 percent solar investment tax credit in exchange for Democrats making permanent some temporary tax credits backed by Republicans.

“It's still in the paper exchanging stage right now. There hasn't been anything agreed to,” said the Democrat aide.