The Inflation Reduction Act (the IRA) awards renewable energy tax credits1 for creating (or investing in) property that produces or generates renewable energy and clean energy fuels. Those credits are enhanced if the...more
7/24/2024
/ Apprenticeships ,
Contractors ,
Davis-Bacon Act ,
Energy Projects ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
IRS ,
Prevailing Wages ,
Renewable Energy ,
Subcontractors ,
Tax Credits ,
U.S. Treasury
The Internal Revenue Service (IRS) issued Notice 2024-41 on May 16, 2024. Notice 2024-41 guides taxpayers on qualifying for increased renewable energy tax credits. To qualify for this credit increase, a taxpayer must satisfy...more
On November 22, 2023, the Internal Revenue Service published proposed regulations concerning Sections 48, 6417, and 6418. These proposed rules would affect the conditions for claiming energy credits, the amount of energy...more
11/28/2023
/ Apprenticeships ,
Carbon Capture and Sequestration ,
Department of Energy (DOE) ,
Energy Projects ,
Investment Tax Credits ,
IRS ,
Prevailing Wages ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits ,
Tax Exemptions