Treasury Department Releases New Guidance Restricting Wind, Solar Tax Credits

The new rules narrow down the definition of projects considered to have begun construction.

Giant wind turbines and solar panels in Palm Springs, Calif., on March 27, 2013. Kevork Djansezian/Getty Images

The Treasury Department on Aug. 15 unveiled guidance that tightens the criteria for wind and solar energy projects to receive federal tax credits.

The guidance follows President Donald Trump’s July 7 executive order directing the department to enforce the One Big Beautiful Bill Act he signed into law on July 4, which effectively ends renewable energy tax credits for projects that have not begun construction.