Treasury grants wind and solar developers pandemic relief

Published May 28, 2020 2:59pm ET



The Trump administration fulfilled its pledge to help the wind and solar industries weather the coronavirus pandemic, extending by one year certain deadlines for the federal tax credits developers rely on for financing projects.

In a notice quietly posted on Wednesday, the Internal Revenue Service extended the so-called “safe harbor” provisions under the wind and solar tax credits to account for delays companies have faced because of the virus outbreak.

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