To amend the Internal Revenue Code of 1986 to disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States.

# HR 2187 Summary **What the Bill Would Do** This bill would remove federal tax credits for offshore wind energy projects built in U.S. waters. Currently, wind energy companies can claim two types of tax credits to help offset costs: a production tax credit (which rewards energy generation) and an investment tax credit (which rewards upfront construction costs). This bill would eliminate both credits specifically for offshore wind facilities located in inland waterways or coastal areas of the United States. **Who It Affects** The bill would primarily impact wind energy companies developing offshore wind projects and potentially consumers who might see higher costs for offshore wind energy without these subsidies.

More broadly, it could slow growth in the offshore wind industry, which is still developing in the U.S. but has been expanding, particularly on the East Coast. **Current Status** The bill was introduced by Representative Pat Fallon (R-TX) and is currently in committee, meaning it has not yet been voted on by the full House of Representatives. It has not advanced to a vote at this time.