Under the reduction of inflation of administration of US Biden administration, significant transfer tax credits are provided to projects for repairing energy and energy storage. Today, however, in need of reducing the great fiscal lack of US, the wave of changed tax projects, with an adverse effect on renewed energy companies.
Energy Energy (Tase: Enlt) Fall 5.55% and Doral Energy (Tase: Dorl) dropped 4.59% today. Both companies have many US projects. However, both insist, that their projects will be completed before replacing the change of law.
Under tax tax, tax benefits can only be canceled for projects where construction does not start within 2028.
The one who violates, for example, is why triple the capacity of the US solar production from three narrowed today at the end of 2027, which raises annual income from $ 500 million to $ 500 billion. The company has the right to tax credits in this income, but projects later will be affected by cancellation of credits.
Doral stresses are its main projects, including Indiana where the financial bustle (including respect for tax credits) got three days ago, ready before the tax deadline.
The more enthusiastic is the solar energy technology company solarge
Incoming Doral CEO Yoni Hantis told “Globes”: connected to the grid, and the remaining parts were built. The same applies to a series of additional projects can be started and connected to 2028.
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Published in Globes, Israel News in News – en.globes.co.il – On May 22, 2025.
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