A qualified facility is eligible to receive a renewable electricity production tax credit (PTC) or energy investment tax credit in lieu of the PTC if construction of the facility begins before January 1, 2014. Qualified...more
4/30/2013 - Investment Tax Credits IRS Physical Work Test Production Tax Credit Qualified Energy Facilities Safe Harbors Tax Credits
The American Taxpayer Relief Act of 2012 (the “Act”), passed by Congress on January 1, 2013, and expected to be quickly signed into law by the President, includes important extensions and changes to certain energy tax credit...more
1/4/2013 - American Taxpayer Relief Act Electricity FERC Fiscal Cliff Production Tax Credit Renewable Energy Wind Power
The Internal Revenue Service (IRS) recently revoked Private Letter Ruling (PLR) 201214007, which found that facility-specific power purchase agreements (PPAs) are considered part of the underlying wind energy facilities and,...more
12/31/2012 - Amortization Clean Tech IRS Power Purchase Agreements Renewable Energy Wind Power
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