Tax equity has become a critical part of the capital stack
for solar and wind projects in the US, effectively letting large corporations
shrink their tax bills by providing cheap capital for new renewable energy
projects developed by third parties.
But the tax reform package weaving its way through Congress
could shrink the appetites of those investors. And that would leave developers
and project sponsors assuming more of the cost -- and risk -- to build up the
nation's renewable energy capacity in the coming years. Leaders in the industry
say those changes could slow the growth of renewable energy nationwide.
