Partner Todd Alexander discussed the recent fall in renewable energy certificate (REC) markets. He remarked that developers are continuing to build given the fact that “contractors are achieving greater economies of scale and operators are lowering costs through the use of new technologies.”
Todd also commented on the incoming administration and potential changes to the tax code. “I do not expect that we will see a repeal of either the investment tax credit or the production tax credit, which are the two principal federal incentives available to renewable energy projects. Rather, I expect that Congress will allow the current phase outs of these tax credits, which are already underway, to continue to take effect," he said.
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