The credit ends for wind and solar property placed in service after 2027
What the document says“This section shall not apply to any qualified property placed in service by the taxpayer after December 31, 2027, which is part of an applicable facility.”
The section adds a new paragraph (4) to section 48E(e) of the Internal Revenue Code of 1986 so that the section does not apply to qualified property placed in service after December 31, 2027 that is part of a facility using wind or solar energy to produce electricity, judged without regard to any construction start date requirement in section 45. Energy storage technology placed in service at such a facility is excepted.
What the document actually says“This section shall not apply to any qualified property placed in service by the taxpayer after December 31, 2027, which is part of an applicable facility.”
The credit does not reach gear put to use after December 31, 2027. That gear must be part of a covered plant.
A covered plant is one that runs on wind or sun. Storage gear at such a plant is left out of this bar. So batteries may still qualify.
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