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IRS Allows DOE’s Modified GREET Model and USDA’s Climate Smart Agriculture Program for Sustainable Aviation Fuel Tax Credit

On April 30, 2024, the Department of Treasury and IRS issued new SAF tax credit guidance created by the Inflation Reduction Act (IRA). This guidance was developed in consultation with the Environmental Protection Agency...more

Section 48 Investment Tax Credit for Offshore Wind and Energy Storage

The Department of the Treasury (DOT), through the Internal Revenue Service (IRS) and in consultation with the Department of Energy (DOE), released new draft guidance on Section 48 tax credits, as well as updated guidance in...more

Long-Awaited EV Guidance Proposes New Restrictions on Foreign Entities of Concern and Further Clarifications

DOE Proposed Guidance - On December 1, the Biden administration’s Department of Energy released its latest proposed guidance related to the electric vehicle incentive expanded through the Inflation Reduction Act. DOE’s...more

48C Qualified Advanced Energy Project Tax Credit: One Year Into the Inflation Reduction Act

The Inflation Reduction Act (IRA) recently celebrated its first anniversary with some programs becoming increasingly oversubscribed even before the funding is released. One of those programs is the qualifying advanced energy...more

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