Investment Tax Credits Production Tax Credit

News & Analysis as of

Short-Term Reauthorization of FAA Programs Potentially Paves the Way For Omitted Energy Credit Extenders

As discussed in our post on March 16, the Congressional extension of the Production Tax Credit (PTC) under Internal Revenue Code (IRC) Section 45 and the Investment Tax Credit (ITC) under IRC Section 48 in December 2015...more

Question and Answer from the Tax Equity Structuring, Financial Modeling and HLBV Accounting Seminar

The tax equity investor invests to own only a portion of the production tax credits (PTCs) up front, since there is an unknown of the actual production levels of the wind farm. What does the project company do with the...more

President Obama Signs Consolidated Appropriations Act

Renewable Energy Industry Seeks Additional Energy Credit Clarifications - On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (H.R. 2029) (the Act). The Act includes...more

Federal tax credits drive renewable power, CO2 reduction

A report by the U.S. Energy Department's National Renewable Energy Laboratory found that recent extensions to tax credits for wind and solar energy will drive a net peak increase of 48-53 gigawatts in installed renewable...more

Key Energy-Related Tax Provisions in the 2017 Budget Proposal

Key Energy-Related Tax Provisions in the 2017 Budget Proposal - As in previous proposed budgets, President Obama’s recently released budget proposal for the 2017 fiscal year contains energy-related tax provisions that...more

Latest Renewal of the Production Tax Credit Could Spark Development of Wind Farms (at Least in the Short Term)

The Consolidated Appropriations Act of 2016, which passed through Congress and was signed into law last month, included the latest iteration of the Production Tax Credit (PTC) for renewable generating resources. The PTC was...more

What Must Be Done for Wind and Solar Projects to Have “Begun Construction” under the New PTC and ITC?

With the recent extension of the federal income tax credits available for renewable energy projects, practitioners and industry participants have raised questions as to how the “begun construction” rules will apply under...more

Winds of Change for Alternative Energy Tax Incentives in 2016

Congress has some unfinished business on alternative energy policy, which may provide unusual legislative opportunities in an election year. While tax credits for wind and solar power received long-term extensions in the...more

Energy Insights: An Update from the Fourth Quarter of 2015

In this edition of Seyfarth Shaw’s Energy Insights Newsletter, our Energy and Clean Technologies team covers important developments in Q4 2015 for the energy industry including collateral tax benefits granted to YieldCos, the...more

Energy Newsletter - January 2016

On 12 December 2015, nearly 200 countries reached an agreement that many have described as a historic turning point for global cooperation in addressing climate change. This article looks at the key elements of the Paris...more

Energy & Environment Update - January 2016

Energy and Climate Debate - Following weeks of intense negotiations, Congress approved the $1.1 trillion omnibus appropriations and $680 billion tax extenders package (H.R. 2029), which includes a long-term extension and...more

Congress Passes End of Year Spending Bill Including Repeal of the Oil Export Ban and Other Significant Energy Provisions

After weeks of intense negotiations and backroom tradeoffs, on Friday, December 18, Congress passed, and President Obama signed into law, a 2,000 page omnibus bill to fund the federal government for fiscal year 2016. The...more

Renewable Energy Industry Receives an Unexpected Gift of a Five-Year Extension of the ITC and PTC

On December 18, 2015, the President signed the Omnibus Appropriations Act (the “Act”) into law. Among the numerous changes in tax law contained in the Act are five-year extensions of the 30% investment tax credit (“ITC”),...more

Five Things You Need to Know About the Extension of the ITC/PTC

On December 18, Congress approved and President Obama signed into law the Consolidated Appropriations Act, 2016 (the Act). Among the 887-page budget bill’s myriad provisions is an extension of federal income tax credits for...more

President Signs Extender Package for PTC and ITC - Renewable Energy Tax Credits

Nearly two weeks ago, Congress passed the omnibus Consolidated Appropriations Act, 2016 (the “Omnibus Bill”), and the Protecting Americans from Tax Hikes Act of 2015 (the “Act”), both parts of a package that President Obama...more

Breakdown of Energy and Renewable Energy Provisions in Newly Signed Tax Extenders and Government Funding Legislation

On December 18, 2015, President Obama signed into law the “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) and an omnibus funding bill for fiscal year 2016 known as the “Consolidated Appropriations Act, 2016”...more

Solar and wind tax credits

In a last minute concession, Congress extended the 30 percent energy investment tax credit for qualified solar energy property and the production tax credit for qualified wind facilities as part of the Consolidated...more

Omnibus Funding and Tax Extenders Legislation Includes Important Extensions for Renewable Energy Projects

On December 18, Congress passed and the President signed into law the “Consolidated Appropriations Act, 2016” and the “Protecting Americans from Tax Hikes (PATH) Act of 2015,” funding the government and providing a number of...more

Energy & Environment Update - December 2015 #2

Energy and Climate Debate - Congress approved today a $1.1 trillion omnibus appropriations and $680 billion tax extenders package (H.R. 2029) and adjourned for the first session of the 114th Congress. Please find below a...more

Just in Time for the Holidays: President Obama Signs ITC and PTC Extension Into Law

On December 18, 2015, President Obama signed into law the bipartisan $1.1 trillion Consolidated Appropriations Act of 2016 and the $680 billion Protecting Americans From Tax Hikes (PATH) Act of 2015, better known as the as...more

Congress Extends PTC and ITC Renewable Energy Tax Credits

The renewable energy industry, particularly the wind and solar energy sectors, have been hopeful that the U.S. Congress would act this year to extend certain tax credits that project developers and related sectors, such as...more

Wind and Solar Energy Tax Credits Extended

On Friday, December 18th, President Barack Obama signed into law the $1.1 trillion Consolidated Appropriations Act of 2016, which extended and also phased down certain renewable energy investment tax credits (ITC) and...more

Energy Industry Impacted by Consolidated Appropriations Act's Tax Code Changes

The U.S. Senate has passed H.R. 2029, the Consolidated Appropriations Act of 2016. The measure, which was approved Friday morning, Dec. 18, funds the government for the remainder of the fiscal year (through September 30,...more

Renewable Energy Update - December 2015 #3

Renewable Energy Focus - Solar companies surge as U.S. tax credit brings early holiday - Bloomberg - - Dec 16 In a deal announced late Tuesday, Congress approved an additional five years for the solar...more

Energy & Environment Update - December 2015

Energy and Climate Debate - Congressional negotiations continue on the omnibus appropriations and tax extenders package, though after an arduous process, an end is in site. In the meantime, the 21st Conference of Parties...more

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