Tax credits for clean energy now cover more types of equipment and projects

The US Treasury Department has finalized rules for energy tax credits, expanding what counts as "energy property." This means more types of clean energy projects and equipment can now qualify for federal tax breaks.

The US government wants to accelerate clean energy deployment. These new rules make it easier for developers to get tax credits for a wider range of technologies, including newer ones like energy storage and microgrids. This lowers the cost of building these projects, which should lead to more of them getting built.