Negotiations are taking place in the House of Representatives and Senate to phase out tax credits for renewable energy as part of a year-end deal to renew a raft of expired tax breaks, says MarketWatch's Robert Schroeder.
Congressional negotiators have been working to complete a deal on reviving the breaks, known as extenders, but MarketWatch reports that a person familiar with the talks said there have been no discussions since last weekend.
Negotiations have included extending the wind production
tax credit for five years — but beginning to phase it out in 2017. Under a
draft negotiating document, it would be phased out entirely by 2019. Similarly,
negotiators have discussed a phase-out for the solar investment tax credit,
with timing to be determined. But first, the credit would be extended for
either two or five years.