Other
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount
WEC Energy Group Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount increased by 8.0% to $129.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $120.10M to $129.70M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionOther
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026May 7, 2026
How to read this metric
Higher values indicate successful utilization of renewable energy incentives or increased investment in tax-advantaged energy projects.
Detailed definition
The absolute dollar value of tax credits related to energy production or investment, such as renewable energy incentives...
Peer comparison
Standard disclosure for utilities transitioning to renewable energy portfolios.
Metric ID:
other_effective_income_tax_rate_reconciliation_tax_credi_5655b6Historical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $42.05M | $42.05M | $42.05M | $42.05M | $50.03M | $50.03M | $50.03M | $50.03M | $120.10M | $129.70M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +19.0% | +0.0% | +0.0% | +0.0% | +140.1% | +8.0% |
| YoY Change | — | — | — | — | +19.0% | +19.0% | +19.0% | +19.0% | +140.1% | +8.0% |
Range$42.05M – $129.70M
CAGR+65.0%
Avg YoY Growth+37.3%
Median YoY Growth+19.0%
Current Streak9+ quarters growth
Effective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount at Other Companies
Frequently Asked Questions
- What is WEC Energy Group's effective income tax rate reconciliation, tax credit, energy-related, amount?
- WEC Energy Group (WEC) reported effective income tax rate reconciliation, tax credit, energy-related, amount of $129.70M in Q1 2026.
- How has WEC Energy Group's effective income tax rate reconciliation, tax credit, energy-related, amount changed year-over-year?
- WEC Energy Group's effective income tax rate reconciliation, tax credit, energy-related, amount increased by 8.0% year-over-year, from $120.10M to $129.70M.
- What does effective income tax rate reconciliation, tax credit, energy-related, amount mean?
- The total dollar amount of energy-related tax credits applied to reduce income tax expense.