News & Analysis as of

Renewable Energy Low-Income Issues

Pierce Atwood LLP

New Guidance for Clean Electricity Low-Income Communities Bonus Program

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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

Quarles & Brady LLP

DOE Announces Availability of $225 million for Tribal Home Electrification Program

Quarles & Brady LLP on

On November 17, 2023, the Department of Energy Office of State and Community Energy Programs (DOE OCEP) announced the final program requirements for the Tribal Home Electrification and Appliance Rebates Program (the “Tribal...more

Holland & Knight LLP

Eyes on Energy Tax Update: Third Quarter 2023

Holland & Knight LLP on

Eyes on Energy Tax Update is a regular publication of the Holland & Knight Renewable and Alternative Energy Tax Team that provides highlights of important developments. The Renewable and Alternative Energy Tax Team also...more

Foley & Lardner LLP

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

Foley & Lardner LLP on

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

Lowndes

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

Lowndes on

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

Bracewell LLP

Treasury Department and IRS Issue Additional Guidance on the New Low-Income Communities Bonus Credit Program

Bracewell LLP on

The low-income communities bonus credit (the LIC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides an enhanced tax credit for certain wind and solar facilities located in designated...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: V 7, Issue 4, April 2023

The Cost of "Electrification" “Electrification” has become a ubiquitous term these days, although depending on who you ask, it might have different meanings. However defined, a critical component of electrification as a...more

Sheppard Mullin Richter & Hampton LLP

IRS Issues Guidance for Inflation Reduction Act Low-Income Bonus Tax Credits

On February 13, 2023, the Internal Revenue Service (“IRS”) issued its “initial guidance” regarding the Low-Income Communities Bonus Credit Program (the “Program”) established by the Inflation Reduction Act of 2022 (the “IRA”)...more

Quarles & Brady LLP

IRS Guidance on Low-Income Communities Bonus Credit for Native American Energy Projects

Quarles & Brady LLP on

On February 14, 2023, Treasury issued initial guidance for the implementation of the Inflation Reduction Act (IRA) environmental justice capacity limitation program - now called the Low-Income Communities Bonus Credit...more

Paul Hastings LLP

IRS Issues Guidance on Low-Income Community Bonus Credit

Paul Hastings LLP on

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”), including the provisions applicable to the...more

Holland & Knight LLP

President Biden Announces Executive Actions to Combat Climate Change

Holland & Knight LLP on

President Joe Biden announced a series of executive actions to combat climate change during a July 20, 2022, speech in Somerset, Massachusetts, from the base of a former coal-fired power plant where offshore wind energy...more

Pullman & Comley, LLC

Connecticut DEEP Announces a New Comprehensive Energy Strategy For 2022

Pullman & Comley, LLC on

The Connecticut Department of Energy and Environmental Protection (DEEP) is charged by statute with periodically preparing and implementing a Comprehensive Energy Strategy (CES).  ...more

K&L Gates LLP

RENEWABLE ENERGY: Leveraging the Opportunity Zones Tax Incentive to Improve Returns on Renewables, Storage Plus, and Standalone...

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Federal and state tax credits for renewable energy facilities are winding down, but a new federal tax incentive enacted in tax reform may provide a boost to many new installations, repowering projects, and storage facilities....more

Downs Rachlin Martin PLLC

News From the Vermont Statehouse - An Analysis from DRM’s Government & Public Affairs Team - April 2017

Trial Bar Proposes Anti-Ride-Sharing Amendments to Insurance Bill - The Senate Judiciary Committee considered amendments this week proposed by the Vermont Trial Lawyers Association that would likely force Uber out of...more

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