John Eliason at Orrick, Herrington & Sutcliffe LLP

Final Regulations Released for the Clean Electricity Low-Income Communities Bonus Credit Program

The U.S. Department of the Treasury and the Internal Revenue Service have published final regulations concerning the low-income communities bonus credit program under Section 48E(h) of the Internal Revenue Code of 1986, as...more

2/21/2025 / Clean Energy , Energy Sector , Final Rules , Inflation Reduction Act (IRA) , Internal Revenue Code (IRC) , IRS , Regulatory Requirements , Renewable Energy , Tax Credits , U.S. Treasury

New IRS Guidance on Domestic Content Bonus Credit

The U.S. Department of the Treasury and the Internal Revenue Service have issued Notice 2025-08 (the “First Updated Elective Safe Harbor”), offering new guidance on the bonus credit for projects using domestically produced...more

2/19/2025 / Energy Projects , Inflation Reduction Act (IRA) , Internal Revenue Code (IRC) , IRS , New Guidance , Regulatory Requirements , Renewable Energy , Tax Credits , U.S. Treasury

Tech-Neutral Credits Final Regulations Released for Clean Electricity Production

The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for two new tax credits under the Internal Revenue Code (Code), established by the Inflation Reduction Act...more

2/13/2025 / Clean Energy , Energy Sector , Greenhouse Gas Emissions , Inflation Reduction Act (IRA) , Internal Revenue Code (IRC) , Investment Tax Credits , Production Tax Credit , Renewable Energy , Tax Credits , U.S. Treasury

Treasury and IRS Release Guidance on Clean Fuel Production Credit

The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have released a notice of intent to propose regulations and a notice providing the annual emissions rate table for the Clean Fuel...more

2/13/2025 / Carbon Emissions , Clean Energy , Climate Change , Greenhouse Gas Emissions , Inflation Reduction Act (IRA) , Internal Revenue Code (IRC) , IRS , Renewable Energy , Tax Credits , U.S. Treasury

Executive Orders and Presidential Memoranda Focus on U.S. Energy Sector

President Trump issued several Executive Orders and Presidential Memoranda on January 20, 2025, that will have a significant impact on the United States energy sector. Select Executive Orders and Presidential Memoranda are...more

1/27/2025 / Clean Water Act , Department of Energy (DOE) , Energy Sector , Environmental Policies , Environmental Protection Agency (EPA) , Executive Orders , Natural Gas , Offshore Wind , Renewable Energy , Trump Administration

Section 45V Clean Hydrogen Tax Credits: Final Regulations Released

The U.S. Department of the Treasury and Internal Revenue Service (IRS) have released final regulations or tax credits for the production of clean hydrogen under Section 45V of the Internal Revenue Code. The industry has...more

1/21/2025 / Carbon Capture and Sequestration , Carbon Emissions , Clean Energy , Energy Sector , Greenhouse Gas Emissions , Internal Revenue Code (IRC) , IRS , Renewable Energy , Tax Credits , U.S. Treasury

Section 48 Energy Investment Tax Credit: Final Regulations Released

The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for the energy investment tax credit (ITC) under Section 48 of the Internal Revenue Code, which was...more

12/20/2024 / Clean Energy , Energy Projects , Energy Sector , Inflation Reduction Act (IRA) , Investment Tax Credits , IRS , Popular , Renewable Energy , Tax Credits

Navigating Renewable Energy Projects in the Trump Era: Tariffs, Taxes, and Commercial Strategies

Trump’s second term is expected to potentially disrupt the Inflation Reduction Act (IRA) and impose sweeping tariffs and other import restrictions. The impacts on the supply chain and tax credits may raise procurement costs...more

12/13/2024 / CFIUS , Energy Projects , Energy Sector , Imports , Inflation Reduction Act (IRA) , Tariffs , Trump Administration

Treasury and IRS Release Final Regulations on Prevailing Wage and Apprenticeship Requirements Under the Inflation Reduction Act

The U.S. Department of the Treasury and the Internal Revenue Service have released final regulations outlining how taxpayers can seek increased tax benefits by meeting prevailing wage and apprenticeship (PWA) requirements on...more

6/27/2024 / Apprenticeships , Clean Energy , Energy Projects , Investment Tax Credits , IRS , Prevailing Wages , Production Tax Credit , Tax Credits

The Domestic Content Bonus Credit for Renewable Energy Projects: IRS Updates ‘DC Adder’ and Adds Elective Safe Harbor Guidance

The U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) have modified a framework relating to renewable energy projects that qualify for the domestic content bonus tax credit (the “DC Adder”)...more

5/28/2024 / Energy Projects , Energy Tax Incentives , Inflation Reduction Act (IRA) , Internal Revenue Code (IRC) , Investment Tax Credits , IRS , Production Tax Credit , Renewable Energy , Renewable Energy Incentives , Tax Credits

Clean Hydrogen Tax Credits: Treasury Department and IRS Propose Regulations on Production and Investment Tax Credits Under the...

The Treasury Department and IRS have published proposed regulations relating to credits for producing clean hydrogen under the Inflation Reduction Act (“IRA”), a key step in implementing the National Clean Hydrogen Strategy....more

1/12/2024 / Clean Energy , Greenhouse Gas Emissions , Hydrogen Power , Inflation Reduction Act (IRA) , IRS , Renewable Energy , Tax Credits , U.S. Treasury

John Eliason

Orrick, Herrington & Sutcliffe LLP

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