Climate Changed
U.S. Tax Bill Could Cut Clean Energy Bets By These Big Banks
- Republican plan threatens key source of wind, solar financing
- Market for tax equity financing expected to reach $12 billion
Rabobank's Every Sees U.S. Markets Rising on Tax Reform
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Clean-energy developers are learning the hard way that every line of the U.S. tax code is connected.
While the bill passed by Senate Republicans over the weekend would preserve crucial credits for wind and solar farms, it also imposes a minimum tax on foreign transactions for JPMorgan Chase & Co., Bank of America Corp. and other large investors that threatens to erode the value of those credits.