How Do Renewable Energy Tax Credits Stack Up Against the Big Ticket Expenditures?

Published by Michael Novogradac on Wednesday, April 24, 2013 - 12:00am

On February 7, I posted a list of the largest tax expenditures to provide some context to show how the low-income housing tax credit (LIHTC), historic tax credit (HTC) and new markets tax credit (NMTC) stack up against the largest tax expenditures in terms of cost.

In conjunction with the Novogradac Financing Renewable Energy Conference this week, the list below shows the relative size of the renewable energy production tax credit (PTC) and investment tax credit (ITC). As you can see, they are dwarfed by a number of larger expenditures.

Blog Chart Big Ticket Tax Expenditures 2013-2017
Click to Enlarge

These figures are based on the most recent estimates published by the Joint Committee on Taxation on Feb. 1. Join us today for the Novogradac Financing Renewable Energy Conference in San Francisco where I will be discussing this and other key energy topics – it’s not too late!