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On Friday, GOP negotiators released their Conference Report (Report) reconciling House and Senate versions of the Tax Cut and Jobs Act. The tax bill would affect U.S. energy policy in several ways, impacting electric vehicles (EV), the clean energy industry, as well as oil & gas operations. Now that a deal is complete, two significant energy-related items, the Base Erosion Anti-Abuse Tax and the opportunity to drill in the Arctic National Wildlife Refuge, are likely to become law very soon. Base Erosion Anti-Abuse Tax: To offset U.S. tax liability, multinational companies often make payments to overseas affiliates and also purchase… [more]
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Atomic Insights LLC
Deepwater Wind recently completed construction on the last of five massive, 6 MWe peak capacity wind turbines that make up the 30 MWe Block Island Wind Farm. By the end of 2016, the developer expects that the project will enter commercial operation and begin providing the first electricity from offshore wind turbines to the U.S. electricity grid. It is a development with far-reaching implications and several lessons available to be learned. This modest-sized installation has been in the works since 2008. Initially, the public utility commission (PUC) rejected the project’s negotiated power purchase agreement (PPA) on the basis of excessive… [more]
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Solar power generation in the U.S. is on the rise with an added 7.3 gigawatts (GW) of total installed capacity in 2015. Demand for solar is projected to increase as much as 119% in 2016. Some believe that growth in the U.S. solar market is primarily influenced by federal and state subsidies and tax credits, such as the Solar Investment Tax Credit (ITC). The ITC is a 30% federal tax credit for residential and commercial solar projects available through 2019. Until recently, state incentives have also impacted the growing U.S. solar market. Nationwide, states have started rolling back tax credits… [more]
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