A solar farm in New Mexico aims to complete construction by 2029 or 2030, with plans to purchase solar panels early to meet federal tax credit deadlines. The recent budget law reduces clean power incentives, allowing projects that generate power by 2027 or that start construction within a year to qualify for tax credits. Developers can speed up projects by incentivizing local communities, increasing battery storage, or creating microgrids to bypass grid requirements. The slow interconnection queue remains a significant hurdle for new projects.
The new budget law signed by President Trump slashed incentives for clean power, leaving new solar and wind projects with limited options to qualify for tax credits.
Developers can accelerate projects by offering local community incentives, adding battery storage for limited grid capacity, or building microgrids to bypass grid connections.
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