IRS Notice 2024-41 provides taxpayers with a clearer path toward qualifying for domestic content bonus tax credits through a new elective safe harbor....more
The proposed rules for monetizing tax credits should catalyze energy transition markets and offer an alternative to tax equity transactions.
On June 14, 2023, the IRS issued proposed rules for how it intends to administer...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
Projects that start construction within 60 days from the publication of the Notice are exempt from the requirements.
Key Points:
..Taxpayers now have until January 29, 2023, to start construction on a project to avoid...more
The Inflation Reduction Act ushers in the largest clean energy tax credit package in US history.
Key Points:
• Wind and solar tax credits receive a multi-year extension at full rates, and solar projects are eligible...more
8/18/2022
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Energy Tax Incentives ,
Green Energy ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Renewable Energy Incentives ,
Tax Credits
The Inflation Reduction Act, which includes the most dramatic expansion of clean energy tax credits in recent history, would provide a multi-year extension of existing tax credits for wind and solar, increase tax credits for...more
8/1/2022
/ Carbon Capture and Sequestration ,
Clean Energy ,
Emerging Technology Companies ,
Energy Sector ,
Energy Tax Incentives ,
Investment Tax Credits ,
Pending Legislation ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Incentives ,
Wind Power