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Geothermal Energy Inflation Adjustments

Mayer Brown

UPDATED: IRS Releases 2022 Section 45 Production Tax Credit Amounts

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On April 14, 2022, the US Internal Revenue Service (IRS) published a notice that provides the inflation-adjustment factor and reference price for the calculation of renewable electricity production tax credits (PTCs) under...more

Mayer Brown

IRS Releases 2019 Section 45 Production Tax Credit Amounts

Mayer Brown on

On June 6, 2019, the US Internal Revenue Service (IRS) published a notice providing the inflation-adjustment factors and reference prices for the calculation of renewable electricity production tax credits (PTCs) under...more

Mayer Brown

Wind PTC Increased from 2.3 Cents to 2.4 Cents per KwH

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On April 11, the IRS announced an inflation adjustment increase in the production tax credit (“PTC”) for power sold in 2017 that is generated by wind, closed-loop biomass, geothermal projects to 2.4 cents from the prior 2.3...more

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