IRS Notice 2023-29 (the “Notice”) provides initial guidance on “energy community” tax credit bonuses. The Notice describes certain relevant rules and concepts that the Treasury and IRS intend to include in forthcoming...more
The United States Energy Information Administration (“EIA”) issued an April 13th report titled: U.S. Electric Capacity Mix Shifts from Fossil Fuels to Renewables in AEO2023 (“Report”)...more
The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain renewable energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”).[1] The IRA additions included a new energy...more