Politics
Renewable-Energy Backers Want 10-Year Tax Credits in Biden Plan
- Solar power advocates lobby to be part of infrastructure deal
- White House is crafting proposal that could hit $3 trillion
Construction workers unload a turbine blade at a wind farm in Encino, New Mexico.
Photographer: Cate Dingley/BloombergThis article is for subscribers only.
The clean energy industry is rushing to hitch a ride on President Joe Biden’s emerging infrastructure plan, lobbying for a decade-long extension of coveted tax credits as the White House drafts a recovery proposal that could top $3 trillion.
Lobbyists for the industry want to attach the long-term extension of credits used by the wind, solar and other industries, to the plan -- a windfall that would be worth billions of dollars if successful.