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Wind Power Geothermal Energy Tax Credits

Holland & Knight LLP

Breaking Down the Section 48 Investment Tax Credit Proposed Regulations

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The U.S. Department of the Treasury and IRS on Nov. 17, 2023, released long-awaited proposed regulations (Proposed Regulations) regarding the investment tax credit (ITC) under Section 48 of the Internal Revenue Code. Section...more

Venable LLP

Inflation Reduction Act: What You Need to Know

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​​​​​​​On August 16, President Biden signed into law the much-anticipated Inflation Reduction Act. The Act includes numerous clean energy, decarbonization, and climate-related provisions. ...more

Mayer Brown

UPDATED: IRS Releases 2022 Section 45 Production Tax Credit Amounts

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On April 14, 2022, the US Internal Revenue Service (IRS) published a notice that provides the inflation-adjustment factor and reference price for the calculation of renewable electricity production tax credits (PTCs) under...more

Pierce Atwood LLP

IRS Extends Production Tax Credit/Investment Tax Credit Safe Harbors

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On May 27, 2020, the IRS issued Notice 2020-41, which responds to industry-wide supply chain disruptions due to the COVID-19 pandemic by giving renewable energy developers additional time to complete their projects. Most...more

Foley & Lardner LLP

Production Tax Credit Extended for Renewable Projects Beginning Construction in 2020

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On December 20, 2019, the President signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the “Act”), which extends the current production tax credit (PTC) for wind for an additional year. The Act extends the...more

Allen Matkins

Renewable Energy Update - September 2019 #4

Allen Matkins on

Focus - Landmark law that spurred growth of U.S. renewable energy market set for overhaul - Transmission & Distribution World – September 25 - A 40-year-old law that has been key to the growth of renewable energy in the...more

Mayer Brown

IRS Releases 2019 Section 45 Production Tax Credit Amounts

Mayer Brown on

On June 6, 2019, the US Internal Revenue Service (IRS) published a notice providing the inflation-adjustment factors and reference prices for the calculation of renewable electricity production tax credits (PTCs) under...more

Robinson & Cole LLP

Green Tax Incentive Compendium - July 2017

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Federal Tax Incentives for Renewable Energy and Energy Efficiency - Federal business income tax credit for renewable electricity production - A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business...more

Allen Matkins

Renewable Energy Update - January 2017 #4

Allen Matkins on

Renewable Energy Focus - Treasury nominee backs existing phaseout of the wind energy tax credit - Greentech Media - Jan 24 - Amid the flurry of news leading up to the inauguration of President Trump,...more

Robinson & Cole LLP

Green Tax Incentive Compendium - January 2017

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A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of electricity produced from qualifying renewable resources during a ten-year...more

Robinson & Cole LLP

Green Tax Incentive Compendium - July 2016

Robinson & Cole LLP on

Federal Tax Incentives for Renewable Energy and Energy Efficiency - A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of...more

Orrick, Herrington & Sutcliffe LLP

IRS Issues Further Guidance on “Start of Construction” Requirement for Renewable Energy Tax Credits, Including Continuity...

On May 5, 2016, the IRS released Notice 2016-31, which provides additional guidance on the “start of construction” requirements for the production tax credit (PTC) and investment tax credit (ITC) in lieu of the PTC. Notice...more

Allen Matkins

Renewable Energy Update - Decemeber 2015

Allen Matkins on

Renewable Energy Focus - Wind and solar power to supply more energy than shale, Goldman Sachs says: Bloomberg - Nov 30: New wind turbines and solar panels worldwide will provide more energy over the...more

Allen Matkins

Renewable Energy Update - February 2015

Allen Matkins on

Renewable Energy Focus: Obama budget aims to make solar and wind incentives permanent - PV Magazine - Feb 2: President Obama just unveiled a $3.99 trillion budget for 2016 that asks Congress for a permanent...more

Allen Matkins

Renewable Energy Update -- March 5, 2013

Allen Matkins on

In This Issue: Renewable Energy Focus - US announces $27 million in solar funding; U.S. looks to offer competitive offshore wind leases; GEA releases 2013 U.S. Geothermal Industry Update; Ralls allowed to seek...more

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