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Green Energy Credits Provide Tax Shelter for Wall Street Banks

Green Energy Credits Provide Tax Shelter for Wall Street Banks
Solar panels are seen at the Desert Stateline project near Nipton, Calif., on Aug. 16, 2021. Bridget Bennett/Reuters
Autumn Spredemann
Autumn Spredemann
8/12/2022|Updated: 8/22/2022
0:00

Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet, substantial profits are ending up in the pockets of the corporate banking industry.

As of last year, the renewable tax equity market represented a $20 billion industry for big banks.
Autumn Spredemann
Autumn Spredemann
Author
Autumn is a South America-based reporter covering primarily Latin American issues for The Epoch Times.
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Related Topics
tax credits
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tax shelter
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