A new tax credit is proposed to calculate a fuel’s emissions factor based on its full carbon life cycle of production.
Notices 2025-10 and 2025-11 (Notices), released on January 10, 2025, outline the intention of the...more
2/10/2025
/ Carbon Emissions ,
Clean Energy ,
Energy Projects ,
Fuel Standards ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Rules ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
The regulations provide important clarity around investment tax credits for biogas property, energy storage, and interconnection costs, and ease proposed aggregation rules for multiple properties.
The Internal Revenue...more
As we pass the first anniversary of the Inflation Reduction Act, the project finance markets are beginning to coalesce around novel financing structures designed to make optimal use of the new tax credit subsidies that the US...more
IRS Notice explains how a renewable energy project may qualify for bonus tax credits by using American-made components.
Key Points:
..All project components made primarily of steel or iron that perform a structural...more
5/22/2023
/ Batteries ,
Buy America ,
Energy Projects ,
IRS ,
Lithium Batteries ,
Made in the USA ,
Proposed Rules ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Wind Power
The Notice enables developers and investors to more easily determine the Energy Community status of projects.
Key Points:
..The IRS and the Treasury Department have provided tables to assist in determining eligibility...more
4/7/2023
/ Brownfield Properties ,
CERCLA ,
Coal ,
Coal Industry ,
Energy Projects ,
Energy Sector ,
Investment Tax Credits ,
IRS ,
Offshore Wind ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits
Notice 2021-41 gives renewable energy developers more time to complete their projects and qualify for tax credits.
Key Points:
..Developers of PTC- and ITC-eligible renewables projects that began construction in 2016...more
The US Treasury Department and the IRS provided practical administrative rules for the carbon capture and sequestration tax credit.
Key Points:
..The IRS finalized the third set of rules in a series of regulatory guidance...more
1/22/2021
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Climate Change ,
Energy Projects ,
Energy Sector ,
Final Rules ,
IRS ,
Popular ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury
Notice 2021-05 gives renewable energy developers 10 years to complete projects located offshore or on federal land.
Key Points:
..Developers of offshore and federal land projects now have 10 years to complete their...more
Congress extends tax credits for certain renewables, and expands tax credits for offshore wind and waste energy recovery.
Key Points:
..Production tax credits for onshore and offshore wind projects are extended at a 60%...more
12/29/2020
/ Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Energy Projects ,
Energy Sector ,
Investment Tax Credits ,
Offshore Wind ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Relief
The Treasury Department and the IRS provided practical administrative rules for the carbon capture and sequestration tax credit.
Key Points:
..These rules are the third in a series of regulatory guidance issued by the IRS...more
Notice 2020-41 gives renewable energy developers more time to complete projects and eases technical requirements of the 3 ½ month rule.
Key Points:
..Developers who started construction in 2016 or 2017 now have five years...more
The IRS addressed key commercial and technical issues regarding the development and financing of carbon capture and sequestration projects.
Key Points:
..The IRS released the first two of three anticipated guidance...more
A favorable outcome for wind and other renewable projects, but solar and storage are left out.
Key Points:
..Qualifying wind projects on which construction begins after December 31, 2019 and before January 1, 2021 will...more
Lenders making back-levered term loans to wind and solar projects focus on tax equity terms that impact their access to project cash flows and ability to foreclose.
Key Points:
..Most operating period term loans to US...more
1/8/2020
/ Energy Projects ,
Finance Lender ,
Financial Sponsors ,
Foreclosure ,
Letter of Credit ,
Leveraged Finance ,
Project Finance ,
Renewable Energy ,
Solar Energy ,
Tax Equity ,
Wind Power
New rules provide wind developers with additional time to satisfy a critical safe harbor.
On December 15, 2016, the Internal Revenue Service (IRS) issued Notice 2017-4, which modifies the “continuity safe harbor” as set...more