LevelTen Energy says that despite a reduced long-term project pipeline under new regulatory pressures, U.S. developers have secured federal tax credit eligibility for the majority of their wind and solar projects scheduled for implementation by 2028.
According to LevelTen Energy’s Q4 2025 report, U.S. developers have retained tax credit eligibility for near-term clean energy projects under the OBBBA (One Great Act). The company says that more than three-quarters of its wind and solar power capacity, approximately 33 gigawatts, scheduled to come online by 2028, is currently under “safe harbor” protection, providing short-term policy certainty to the market.
Developers are still grappling with approval delays, rising costs, and new regulations targeting “Foreign Entities of Concern” (FECs) that will take effect on January 1, 2026. These pressures are reshaping project strategies, with developers increasingly prioritizing hybrid systems that combine energy storage with solar or wind power. Analysts point out that this shift is a response to stricter tax credit conditions and more flexible electricity transmission demands.
LevelTen's survey covered 29 developers planning to build more than 233 gigawatts of installed capacity. Data shows that the capacity protected by the "safe harbor" will decline sharply after 2028, resulting in almost no protected capacity for projects targeting commercial operation by 2030 and beyond. This decline has prompted developers to focus on mature assets and reduce new project activity.
The survey shows that by 2030, hybrid and stand-alone storage capacity will surpass that of stand-alone solar and wind power. After 2030, hybrid storage capacity will outpace all other technologies due to greater yield stability and increased applicability of incentives.
Most respondents indicated increased buyer interest following the passage of the Oregon Electricity and Commerce Act (OBBBA), with counterparties increasingly relying on tools such as price adjustment mechanisms and indexation clauses to cope with price volatility. LevelTen Energy operates a renewable energy power purchase agreement (PPA) market and provides the MarketPulse pricing platform. The platform updates its data daily, which comes from more than 1,300 developers, including approximately 90% of the participants in North America.
LevelTen Energy says that despite a reduced long-term project pipeline under new regulatory pressures, U.S. developers have secured federal tax credit eligibility for the majority of their wind and solar projects scheduled for implementation by 2028.
According to LevelTen Energy’s Q4 2025 report, U.S. developers have retained tax credit eligibility for near-term clean energy projects under the OBBBA (One Great Act). The company says that more than three-quarters of its wind and solar power capacity, approximately 33 gigawatts, scheduled to come online by 2028, is currently under “safe harbor” protection, providing short-term policy certainty to the market.
Developers are still grappling with approval delays, rising costs, and new regulations targeting “Foreign Entities of Concern” (FECs) that will take effect on January 1, 2026. These pressures are reshaping project strategies, with developers increasingly prioritizing hybrid systems that combine energy storage with solar or wind power. Analysts point out that this shift is a response to stricter tax credit conditions and more flexible electricity transmission demands.
LevelTen's survey covered 29 developers planning to build more than 233 gigawatts of installed capacity. Data shows that the capacity protected by the "safe harbor" will decline sharply after 2028, resulting in almost no protected capacity for projects targeting commercial operation by 2030 and beyond. This decline has prompted developers to focus on mature assets and reduce new project activity.
The survey shows that by 2030, hybrid and stand-alone storage capacity will surpass that of stand-alone solar and wind power. After 2030, hybrid storage capacity will outpace all other technologies due to greater yield stability and increased applicability of incentives.
Most respondents indicated increased buyer interest following the passage of the Oregon Electricity and Commerce Act (OBBBA), with counterparties increasingly relying on tools such as price adjustment mechanisms and indexation clauses to cope with price volatility. LevelTen Energy operates a renewable energy power purchase agreement (PPA) market and provides the MarketPulse pricing platform. The platform updates its data daily, which comes from more than 1,300 developers, including approximately 90% of the participants in North America.
