How long will it take to start construction of a wind and solar energy storage power station

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4 FAQs about How long will it take to start construction of a wind and solar energy storage power station

When can a solar project start construction?

Solar projects with a maximum net output of 1.5 MWs or less can continue to begin construction after September 2, 2025, and before July 4, 2026, by incurring 5% of project costs. All wind and solar projects that have not started construction by July 4, 2026, must be in service by December 31, 2027.

When do wind and solar projects start?

Wind and solar projects over 1.5 MWs that intend to establish the commencement of construction after September 2, 2025, and before July 4, 2026, must start by performing physical work of a significant nature.

When do wind and solar projects phase out?

(For more information, see this Latham Client Alert.) Under the new law, tax credits for wind and solar projects phase out sooner than those for other technologies, like storage. To qualify, these projects must either be completed by the end of 2027 or begin construction by July 4, 2026.

How long does it take to build a solar or wind farm?

Due to recent regulatory changes, the time taken for the construction and final stages has increased from 18 months to 21 months. What does it take to build a solar or wind farm? We break project lead times down into three stages: 1. Pre-construction – the developer designs the project and seeks approvals 2.