The U.S. Congressional Joint Committee on Taxation projects that foregone tax revenues from federal renewable electricity investment tax credits will total $47.4 billion through 2024, of which $46.9 billion is attributable to solar.

39 Foregone Tax Revenues from U.S. Federal Renewable Electricity Investment Tax Credits — figure 2
Fig. 2 of 2 · Chart 39 · Source: EPRINC

From the EPRINC Chart of the Week archive.

Cite: EPRINC, “Foregone Tax Revenues from U.S. Federal Renewable Electricity Investment Tax Credits,” Chart of the Week 39, December 14, 2021.

Filed under
Electricity and the Power GridGeopolitics and Energy SecurityNet Zero and the Energy TransitionPetroleum and Natural Gas