Eligibility deadlines for clean energy tax credits available to renewable energy developers have been extended as part of the $1.4 trillion federal spending and tax extension package expected to be passed late Monday night in conjunction with the $900 billion coronavirus rescue deal.
The sprawling omnibus legislation includes significant relief for renewable energy developers by extending multiple windows by which construction must begin on projects in order to qualify for tax credits. Also included in the energy legislation under the Consolidated Appropriations Act 2021 is a $35 billion commitment to energy research and development activities through the U.S. Department of Energy, according to a Monday statement by Senate Minority Leader Chuck Schumer.
