2019 Tax Extenders Include Longer Wind Phase-Down, Other Renewable Extensions

On December 20, 2019, President Trump signed into law legislation containing a package of “tax extenders” (the “Extenders Bill”), including several provisions on renewable energy incentives. These include a partial extension of the production tax credit (the “PTC”) for wind facilities and extensions of certain other incentives. The Extenders Bill was passed by the US House of Representatives on December 17, 2019, and by the Senate on December 19, 2019. This Legal Update provides a brief overview of the provisions affecting renewable energy.