For many years, and particularly since the Energy Policy Act of 2005, U.S. federal income tax policy has served a dual function as both tax and renewable energy policy. However, last month House Ways and Means Chairman David Camp (R-MI) released an expansive tax reform proposal in which a number of credits and deductions for renewable energy technology were recommended for repeal, effectively rewriting renewable energy policy by a proposed elimination of renewable energy from the federal tax code.
