On December 4, 2024, the Department of the Treasury finalized new rules governing the Section 48 Investment Tax Credit (“ITC”). The ITC applies to a broad range of clean energy projects, including biogas projects, which were...more
12/10/2024
/ Biofuel ,
Clean Energy ,
Energy Projects ,
Energy Sector ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Natural Gas ,
Production Tax Credit ,
Proposed Rules ,
Regulatory Agenda ,
Tax Credits ,
Tax Equity ,
U.S. Treasury
The IRA created substantial tax credits for SAF. Under Section 40B, SAF producers who meet certain requirements can claim a credit of at least $1.25 per gallon of SAF. Among other things, eligible SAF must achieve lifecycle...more
5/3/2024
/ Biofuel ,
Clean Fuels Program (CFP) ,
Climate Change ,
Energy Sector ,
Fossil Fuel ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
IRS ,
New Guidance ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
On April 10, 2024, Department of Treasury and the Internal Revenue Service (collectively, “IRS”) issued further guidance on the “Provisional Emission Rate” or “PER” process for the Inflation Reduction Act’s (“IRA”) Hydrogen...more
4/12/2024
/ Clean Energy ,
Climate Change ,
Comment Period ,
Department of Energy (DOE) ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Production Tax Credit ,
Renewable Energy ,
Tax Code ,
U.S. Treasury
On December 22, 2023, the Department of Treasury and Internal Revenue Service (collectively, “IRS”) proposed new regulations for the Inflation Reduction Act’s (“IRA”) Hydrogen Production Tax Credit (“PTC”), otherwise known as...more
1/8/2024
/ Energy Tax Incentives ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
IRS ,
Popular ,
Proposed Regulation ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury ,
Zero Emission Credits
[This is the third post in our Hydrogen Blog Series. Read the first post here and the second post here] One of the biggest hurdles for clean hydrogen is high costs. The Department of Energy graph below says it all. Today, a...more
5/23/2023
/ Affordable Housing ,
Bipartisan Agreement ,
Clean Energy ,
Department of Energy (DOE) ,
Environmental Protection Agency (EPA) ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
IRS ,
Supply Chain ,
Tax Credits ,
Transportation Industry ,
Urban Planning & Development