Production Tax Credit

News & Analysis as of

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

Win for Wind on Taxes: Federal Income Tax Wind Farm Production Credit Extended for 2015 through 2019 - "Phase-Out" Limits Credit...

Wind farm electric generation facilities in Oklahoma have received a favorable federal income tax credit extension. The federal income tax credit for production of electricity by a qualified facility from wind...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

The Biggest Energy and Environmental Issues: Highlights from 2015 and What to Expect in 2016

As 2015 winds down, here are the big accomplishments in the energy and environment space this year and what to expect in 2016. In several areas, energy and environmental policy issues advanced significantly this year—more...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

The PATH Act

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). - extends or makes permanent a number of temporary tax provisions that had expired or were set to...more

Extension of Renewable Energy Tax Incentives

On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (H.R. 2029) (the Act), which included welcomed extensions to a number of energy tax incentives....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

"Congress Extends Renewable Energy Tax Credits"

On December 18, 2015, President Barack Obama signed into law the Consolidated Appropriations Act, 2016 (Act), which extends and modifies the investment tax credit for solar energy property, the production tax credit for wind...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

Tax Extenders Signed into Law; Solar and Wind Tax Credits Extended

Earlier today, President Obama signed the Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2016 (the Act)—which includes the Consolidated Appropriations Act of 2016 and the Protecting...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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