News & Analysis as of

Electricity Inflation Reduction Act (IRA)

Foley Hoag LLP

Climate Law Matters: Energy & Climate Newsletter - December 2024

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In this Issue: Mission is Market - As with many, we in the Foley Hoag energy and climate practice have felt the results of the 2024 election reverberate through our industry. We’ve gathered and digested the most current...more

A&O Shearman

Significant updates in Treasury's final energy credit regulations

A&O Shearman on

The U.S. Treasury Department and the Internal Revenue Service (“IRS”) published final regulations on December 4, 2024, defining “energy property” and rules applicable to energy credits (the investment tax credit, or the...more

Venable LLP

Going Nuclear: Recent Policy and Market Developments Point to a Nuclear Power Renaissance

Venable LLP on

In the face of ever-increasing electricity supply demands across the country, the future is looking very bright for the nuclear energy industry. We review below recent policy and market developments that can inform what lies...more

Troutman Pepper Locke

Growing the Solar and Storage Landscape With Mike Hall, Anza Renewables - Battery + Storage Podcast

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In this episode, host Bill Derasmo welcomes Mike Hall, CEO of Anza Renewables. With more than 20 years of experience in the energy industry, Hall shares insights into the founding and growth of Anza in 2022. The discussion...more

Troutman Pepper Locke

Navigating Clean Hydrogen Tax Credits: Insights and Implications - Energy Law Insights

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Dive into the complexities of clean hydrogen production and the associated tax credits with Troutman Pepper Partners Anne Loomis and Mindy McGrath. In this video, they explore the Inflation Reduction Act’s new production tax...more

Pierce Atwood LLP

New Guidance for Clean Electricity Low-Income Communities Bonus Program

Pierce Atwood LLP on

The U.S. Department of the Treasury recently issued proposed regulations to implement the Clean Electricity Low-Income Communities Bonus Program, which was created under the Inflation Reduction Act to incentivize clean energy...more

Pillsbury Winthrop Shaw Pittman LLP

Treasury and IRS Issue Proposed Regulations Regarding the Clean Energy Production and Clean Electricity Investment Credits Under...

The proposed regulations provide the initial guidance for new tax credits that go into effect in 2025 for clean electricity facilities using various technologies that achieve net-zero greenhouse gas (GHG) emissions. Under...more

BakerHostetler

Proposed Regulations - Clean Electricity Production and Investment Credits (45Y and 48E)

BakerHostetler on

The IRS and Treasury on June 3 issued proposed regulations under Sections 45Y and 48E (proposed regulations), which address clean electricity production and investment tax credits, respectively, that generally replace...more

Holland & Knight LLP

Treasury, IRS Release Sections 45Y, 48E Inflation Reduction Act Tech-Neutral Credit Guidance

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The U.S. Department of the Treasury and IRS on May 29, 2024, released a notice of proposed rulemaking (NPRM) regarding the clean electricity production credit determined under Section 45Y and the clean electricity investment...more

Nossaman LLP

Solar + Water Canals = Win-Win?

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On April 4, 2024, Governor Newsom and the U.S. Bureau of Reclamation (Bureau) announced that the Bureau awarded California $15 million for the Delta-Mendota Canal floating solar project. The project, which is funded through...more

Foster Garvey PC

Unlocking Clean Energy Investments: New Elective Payment Credits for State and Local Governments

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State and local governments undertaking clean energy projects may be eligible for cash payments equal to the renewable electricity production tax credit or energy investment tax credit that would have been available to a...more

Wilson Sonsini Goodrich & Rosati

Clean Energy and Climate Solutions Federal Funding Database

Wilson Sonsini is pleased to share our January 2024 update to the Clean Energy and Climate Solutions Federal Funding Database. This month, the database features funding opportunity announcements (FOAs), notices of intent...more

Troutman Pepper Locke

The Capacity Crunch, Part Two: Public Utilities, Resource Planning & Deployment, and the IRA - Energy Law Insights

Troutman Pepper Locke on

The IRA provides a suite of federal incentives and funding opportunities potentially relevant to all industry participants, including public utilities, public utility holding companies, independent power producers, and...more

Troutman Pepper Locke

The Capacity Crunch, Part One: Reliability and Decarbonization in the Short Term - Energy Law Insights

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The capacity crunch brings with it a host of issues and tensions, particularly between the concepts of reliability and decarbonization in the short term. In part one of this three-part series, Troutman Pepper Partner Brian...more

Foley & Lardner LLP

Foley Automotive Update - December 2023

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This update helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - Foley & Lardner partner Ann Marie Uetz is quoted in the Supply Chain...more

Troutman Pepper Locke

Financing Future Trends in Storage With George Koutsonicolis, SOLIC Capital - Battery + Storage Podcast

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In this episode, host Bill Derasmo is joined by George Koutsonicolis from SOLIC Capital Advisors, to discuss the growing global focus on energy storage, the role of battery storage in the renewable energy transition, and the...more

Farella Braun + Martel LLP

[Event] Unlocking Clean Hydrogen: What Should Treasury’s Guidance Be for Hydrogen Production Tax Credit Eligibility? - October...

The Inflation Reduction Act (IRA), passed just over a year ago, contains a clean hydrogen production tax credit of up to $3/kg. However, guidance from the Treasury as to what qualifies for the clean hydrogen tax credit...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Electricity Sector Emissions Impacts of the Inflation Reduction Act: U.S. Environmental Protection Agency Assessment of Projected...

The United States Environmental Protection Agency (“EPA”) announced on September 12th the issuance of a September 2023 report titled: Electricity Sector Emissions Impacts of the Inflation Reduction Act: Assessment of...more

Fox Rothschild LLP

ESG Essentials: What You Need To Know Now - Episode 15 - Climate Week NYC

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Get excited for Climate Week NYC with Rich Deming, CEO of East Energy Renewables, and episode host Karen Davis, Co-Chair of Fox Rothschild’s ESG Group. Listen to a sneak peek of the topics to be discussed in the Fox...more

Foley & Lardner LLP

IRS Releases Final Treasury Regulations on Low-Income Community Bonus Credits

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The Internal Revenue Service (IRS) and Department of the Treasury earlier this month released final regulations (the “Low-Income Community Bonus Credit Rules”) relating to the low-income community bonus credit pursuant to...more

DarrowEverett LLP

What IRS’s Low-Income Adder Guidance Means For Renewables Projects

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The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more

Lowndes

Applications for Low-Income Communities Bonus Tax Credits to Open in Early Fall

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Last year’s Inflation Reduction Act created the Low-Income Communities Bonus Credit Program. This program provides additional energy tax credits on top of the existing 30% investment tax credit. According to Section 48(e) of...more

Troutman Pepper Locke

How Battery Technology Is Changing the Game

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From the genesis of the popular Battery + Storage Podcast to the current interconnection issues, Troutman Pepper Partners Amie Colby and Bill Derasmo discuss a wide range of leading-edge topics impacting battery and storage...more

Bricker Graydon LLP

Ohio General Assembly Modifies Tax Abatements for Renewable Projects

Bricker Graydon LLP on

The primary property tax abatement used by renewable energy projects in Ohio is the Qualified Energy Project (QEP). Originally passed in 2010 (128-SB-232), the QEP program enables qualifying projects to receive an abatement...more

Troutman Pepper Locke

The Challenges and Opportunities of Interconnection and Transmission of Renewable Energy

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The boost enabled by the Inflation Reduction Act has, to some extent, been counterbalanced by a range of transitional issues. In this video, Troutman Pepper Partners Brian Harms and Fred Wilson discuss these top-of-mind...more

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