The Senate Finance Committee’s new version of the BBB only has minor improvements to utility-scale solar incentives. Some provisions as they stand now are: ITC/PTC projects can start construction by the end of 2025 for full ITC credit, credit phases down to 60% if construction starts by end of 2026, 20% if construction starts by 2027, energy storage projects under are exempt from accelerated 48E phase-down, manufacturing tax credits (45X) remain as in original IRA plan, denies 48E credits to solar leasing companies starting 180 days after enactment, eliminates resi ITC 180 days after enactment.
BBB still gutting key parts of the IRA
