01 Dec '17, 2pm

Senate Tax Bill Could Be 'Devastating' to Wind and Solar Power

The tax bill heading barreling towards a vote in the Senate already includes a worrisome rider that would open up the pristine Arctic National Wildlife Refuge to oil and natural gas drilling. Now, renewable energy trade associations are raising the alarm about a eleventh-hour provision called the Base Erosion Anti-Abuse Tax (BEAT) program that "would have a devastating, if unintended, impact on wind and solar energy investment and deployment," according to a letter addressed to the Senate. The BEAT provisions "undermine our capacity to use renewable energy tax credits, which have value only if they can be monetized," a letter, signed by the Solar Energy Industries Association , the American Council on Renewable Energy , American Wind Energy Association and Citizens for Responsible Energy Solutions , warned. As Utility Dive explained, while BEAT is meant to make it harder f...

Full article: https://www.ecowatch.com/tax-bill-wind-solar-2514029749.html

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cleantechnica.com 01 Dec '17, 3pm

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audubon.org 02 Dec '17, 12pm

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wilderness.org 02 Dec '17, 6am

Early this morning the U.S. Senate voted down an amendment to strike from the Republican tax bill a provision that would a...