Impact of Investment Tax Credit on Interconnection Costs

New Energy Innovation analysis finds that if the U.S. Treasury Department finalizes new guidance making the Investment Tax Credit (ITC) applicable to interconnection costs, it could provide significant relief to renewable energy projects by reducing overall costs. It would also relieve pressure on projects facing moderately high interconnection costs, according to our retrospective analysis of these costs for onshore wind and solar projects between 2019 and 2022.

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