Tim Baye, a professor of business development and a state energy and energy finance specialist with the University of Wisconsin–Madison Extension, said developers have been rushing since November to get planned projects moving in time to qualify for tax credits.
While there may be an initial rush to meet requirements for tax credits in the short term, Baye said he expects the bill will cause a slowdown in renewable development once those incentives sunset.
“We’re going to see a real slowdown,” he said. “It’s going to have a chilling effect.”