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 through 2019 now have six years to finish construction under the Continuity Safe Harbor, and projects that began construction in 2020 now have five years.

..For projects that can’t be completed within the safe harbor, developers can now meet the Continuity Requirement by satisfying either the Continuous Construction Test or the Continuous Efforts Test regardless of the method used to begin construction.