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Solar Energy › Private Letter Rulings

Mayer Brown

Residential Solar Storage is Eligible for Tax Credit, Subject to a 100% Cliff

Mayer Brown on

In a recently released private letter ruling, the IRS confirmed that residential solar energy batteries are eligible for the tax credit under Section 25D of the Code (the “Residential Solar Credit”), subject to an important...more

Stoel Rives LLP

Energy Tax Law Alert: IRS Rules That Payment for Intertie Constitutes Taxable Contribution in Aid of Construction

Stoel Rives LLP on

The IRS has issued a private letter ruling concluding that the reimbursement by a solar electric generator of an electric distribution company’s costs to construct an intertie is a contribution in aid of construction under...more

Foley & Lardner LLP

IRS Releases Favorable Guidance for Individual Investors in Community Solar to Claim Section 25D Tax Credit

Foley & Lardner LLP on

The IRS recently issued a Private Letter Ruling (PLR) clarifying that an individual investor in a net-metered community solar project may claim the federal residential Investment Tax Credit (ITC) under Section 25D of the...more

Stoel Rives LLP

IRS Opens Door for Community Solar Investors to Qualify for Federal Tax Credits

Stoel Rives LLP on

The Internal Revenue Service issued a private letter ruling this week to an individual owner of solar panels installed in an off-site net-metered community solar garden. In the Ruling, the Service confirmed the individual’s...more

Foley Hoag LLP

IRS Issues Favorable PLR Allowing an Individual Panel Owner in an Offsite, Net-Metered Community-Shared Solar Project to Claim...

Foley Hoag LLP on

The Internal Revenue Service has issued a private letter ruling to an individual owner of solar panels installed in an offsite net-metered community-shared solar project confirming the individual’s eligibility for the income...more

Akin Gump Strauss Hauer & Feld LLP

IRS Rules That Some Basis in Solar System Must Be Allocated to Structural Functions

Akin Gump Strauss Hauer & Feld LLP on

On October 31, the IRS released Private Letter Ruling 201444025, which was addressed to a manufacturer of solar systems that are mounted on real estate. The nature of the real estate, along with many other interesting facts,...more

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