A Republican tax bill unveiled on Thursday included cuts to
renewable energy tax credits considered critical to enabling wind projects to
compete with fossil fuel plants, but tax breaks for solar power were left
largely intact.
The credits, which receive broad bipartisan support, were
extended by Congress less than two years ago.
The wind industry decried the proposal, saying it put $50
billion in planned investment at risk, while the solar sector expressed relief
the bill mostly preserved the timeline laid out in 2015 for its primary tax
credit.
