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Renewable Energy Energy-Efficiency Tax Credits

Jones Day

Navigating the Emerging Market for Green Energy Tax Credits

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The Inflation Reduction Act of 2022 (the "IRA")—President Biden's landmark climate change legislation—created or expanded tax credits for various renewable energy sources, including wind, solar, and hydropower, as well as for...more

Husch Blackwell LLP

Investors and Regulators Demand Climate Disclosures, but Companies Should Beware of Greenwashing Claims

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Pressure from consumers, investors, and regulators to provide climate, environmental, and sustainability disclosures is increasing, but it is important for companies to ensure such disclosures are accurate, verifiable, and...more

Akin Gump Strauss Hauer & Feld LLP

Proposed Clean Hydrogen Guidance: Limitations on Credit Availability for Green Hydrogen Projects and Paths Forward

Guidance recently issued by the Department of the Treasury and the Internal Revenue Service (IRS) in proposed regulations (REG-117631-23) will (if held to be final) have a significant impact on green hydrogen projects in the...more

Allen Matkins

Renewable Energy Update 1.16.24

Allen Matkins on

U.S. battery storage capacity is poised for a record year in 2024 with Texas and California continuing to lead the country in new additions, after installations reached a new record last quarter....more

Troutman Pepper

Payments and the Solar Industry - Payments Pros: The Payments Law Podcast

Troutman Pepper on

In this episode of Payments Pros, Josh McBeain welcomes his colleague Andrew Thurmond to discuss residential solar projects as well as the financing and payment options that are available for these types of projects. With...more

Perkins Coie

Maryland Commits to 8.5 GW of Offshore Wind by 2031, Looks Ahead to Offshore Wind Transmission

Perkins Coie on

The Maryland General Assembly passed the Promoting Offshore Wind Energy Resources Act (POWER Act) on April 10, 2023, committing the state to develop 8.5 gigawatts (GW) of offshore wind by 2031. The POWER Act also vaults...more

Katten Muchin Rosenman LLP

IRS Issues Guidance on "Qualified Manufacturer" Requirements for New Electric Vehicle Tax Credits

The Inflation Reduction Act of 2022, Public Law 117-169, created three new electric vehicle (EV) tax credits - - the clean vehicle tax credit (Section 30D) for consumers; - the commercial clean vehicle tax credit...more

Harris Beach PLLC

New York State to Fund Sixth Round of Renewable Energy Projects

Harris Beach PLLC on

On September 21, New York Gov. Kathy Hochul announced the state’s sixth annual solicitation of large-scale renewable energy projects. Initial (Step One) eligibility applications are due Nov. 16 and competitive (Step Two) bid...more

Husch Blackwell LLP

Direct Pay: A Conversation with Shannon Maher Bañaga, Spokesperson, The Partnership for Clean Energy Investment

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Direct pay proposals contained in the proposed Build Back Better Act promise to establish a system that would allow renewable energy developers to elect to receive ITC and PTC tax credits as a refundable credit....more

Vinson & Elkins LLP

The Transition To Renewable Energy Will Fuel New Disputes In The Energy Industry

Vinson & Elkins LLP on

Interest in renewable energy has risen sharply in recent years. More than ever, companies are investing in technology and businesses for solar, wind, hydrogen/carbon capture, and renewable fuels/biomass. Private equity...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Updates – January 2021

As we approach the end of the current 116th Congress on January 3, there has been a flurry of energy-related activity on Capitol Hill as well as with the Biden-Harris presidential transition as President-elect Biden prepares...more

Mintz - Energy & Sustainability Viewpoints

Trends in COVID-Era Renewables Tax Credit Proposals

As the 2020 Democratic National Convention recently drew to its socially distanced close, minds might have wandered to the two sentences in the Biden Plan—released July 14, 2020—that refer explicitly to renewables tax...more

Mintz - ML Strategies

Energy & Sustainability Washington Updates — July 2020

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ML Strategies and Mintz continue to engage with key decision makers on various energy and sustainability matters before the Congress and Administration. Federal efforts on these issues have continued apace as part of and...more

Eversheds Sutherland (US) LLP

Congress unveils energy tax extenders

Congress is moving towards passing The Taxpayer Certainty and Disaster Relief Act of 2019 (Extenders Bill). If enacted, the Extenders Bill would extend certain tax credits for the renewable energy and alternative fuels...more

Foley & Lardner LLP

Illinois Approves Long-Term Renewable Plan

Foley & Lardner LLP on

On April 3, 2018, the Illinois Commerce Commission (ICC) approved, with modifications recommended by solar advocates and consumer groups, the Illinois Power Agency’s (IPA) Long-Term Renewable Resources Procurement Plan...more

Eversheds Sutherland (US) LLP

Energy tax extenders package passed

The Bipartisan Budget Act of 2018 (2018 BBA) passed by Congress and signed into law on February 9, 2018, extends and changes tax credits for the renewable energy, alternative fuels and nuclear energy industries, and also...more

Eversheds Sutherland (US) LLP

A Comparison of the Energy Tax Changes in the Proposed House and Senate Tax Reform Bills

On November 9, 2017, the Senate Finance Committee released a Description of the Chairman’s Mark of the “Tax Cuts and Jobs Act” and on November 14, 2017, the Senate Finance Committee released a Description of the Chairman’s...more

Robinson & Cole LLP

Green Tax Incentive Compendium - July 2017

Robinson & Cole LLP on

Federal Tax Incentives for Renewable Energy and Energy Efficiency - Federal business income tax credit for renewable electricity production - A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business...more

Robinson & Cole LLP

Green Tax Incentive Compendium - January 2017

Robinson & Cole LLP on

A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of electricity produced from qualifying renewable resources during a ten-year...more

Stinson LLP

EPA's Clean Energy Incentive Program

Stinson LLP on

Expansion of Eligible Low Income Community Projects to Include Solar Projects - The Environmental Protection Agency's Clean Energy Incentive Program (CEIP) allows participants to earn tradeable emissions credits for...more

Robinson & Cole LLP

Green Tax Incentive Compendium - July 2016

Robinson & Cole LLP on

Federal Tax Incentives for Renewable Energy and Energy Efficiency - A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of...more

Ballard Spahr LLP

New York, Connecticut Establish Community-Based Renewable Energy Programs

Ballard Spahr LLP on

New York and Connecticut recently joined at least 13 other states, including Hawai’i and Maryland, in establishing measures that could significantly expand access to renewable energy generation in those states through...more

Mintz - ML Strategies

Energy & Environment Update - July 2015 #3

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Energy and Climate Debate - With just two or three weeks before the August recess – two for the House, three for the Senate – Congress has a full schedule. The Senate will devote much of this week to the Highway bill,...more

Akin Gump Strauss Hauer & Feld LLP

Baucus Post-2016 Proposal: No Change to PTC & ITC Reduced to 20 Percent

Today, the chairman of the Senate Finance Committee, Max Baucus (D-MT), released his proposal for energy tax incentives as part of overall tax reform. The proposal is thoughtful and merits serious consideration by the...more

Cozen O'Connor

New Jersey Struggles with Implementation of Solar Law

Cozen O'Connor on

New Jersey is struggling to fix its solar market following a sustained and precipitous drop in prices for Solar Renewable Energy Credits (SRECs). A new solar energy bill (the Solar Law) designed to stabilize the market was...more

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