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Restricting Tax Credits for Utility Solar and Wind Projects on Agricultural Land

This law aims to protect farmland by restricting its use for large-scale renewable energy projects. It denies federal tax credits to public utility companies that install new solar or wind facilities on land defined as agricultural. This measure reduces the financial incentive for utilities to convert valuable farming land into energy production sites.
Key points
Public utility companies will lose access to federal tax credits for new solar and wind facilities built on agricultural land.
The primary goal is to preserve farmland for agricultural use by limiting its conversion to large energy projects.
The restrictions apply to energy property placed in service after the law is enacted.
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Additional Information
FARM Act of 2023
Print number: HR 963
Sponsor: Rep. Tiffany, Thomas P. [R-WI-7]
Process start date: 2023-02-09