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Tax Incentives Solar Energy Renewable Energy

ASKramer Law

Energy Tax Credits For A New World Part III: Overview of Bonus Credits

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Why did the Inflation Reduction Act (IRA) reduce the base amounts of the energy tax credits? The IRA reduced base credit amounts from their pre-IRA levels to encourage energy projects to meet Congressional policy objectives....more

ASKramer Law

Energy Tax Credits for a New World Part II: Production Tax Credits and Investment Tax Credits: The Old and the New

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What is a Production Tax Credit (PTC)? A Production Tax Credit (PTC) is a per kilowatt-hour (kWh) tax credit for electricity generated by solar and other qualifying clean technologies for the first 10 years of a system’s...more

Flaster Greenberg PC

Airport Electrification – Latest IRS Guidance

Flaster Greenberg PC on

The Department of the Treasury and Internal Revenue Service continue to issue guidance regarding the Inflation Reduction Act of 2022 (IRA), which modified and extended the clean energy investment tax credit (ITC) under...more

Paul Hastings LLP

A New Year and Another Chance to Get it Right – Tax Incentives and Permitting Reforms Pave the Way for More Renewables in 2023 and...

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On August 16, 2022, President Biden signed into law the Inflation Reduction Act (“IRA”). Heralded as a “transformative” legislative package, the IRA provides eye-popping incentives to drive clean energy development and...more

Allen Matkins

Renewable Energy Update - December 2022 #2

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The Department of Energy on Tuesday announced a scientific breakthrough in nuclear fusion at a national lab in California, marking a major step toward developing a new, sustainable form of energy that releases virtually no...more

Womble Bond Dickinson

Inflation Reduction Act Gives a Boost to the Biogas Sector

Womble Bond Dickinson on

​​​​​​​The $369 billion Inflation Reduction Act (the “Act”) enacted in August 2022 expanded and extended numerous tax credits and incentive programs for development of clean energy projects. The biogas industry is one sector...more

Sheppard Mullin Richter & Hampton LLP

Tax Law Changes in the Inflation Reduction Act of 2022 (H.R. 5376)

On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (H.R. 5376) (the “Reconciliation Bill”) on a party line vote with the deciding vote cast by the Vice President. The Senate’s passage of the...more

Latham & Watkins LLP

Key Senators Agree to Significantly Expand Tax Incentives for Clean Energy

Latham & Watkins LLP on

The Inflation Reduction Act, which includes the most dramatic expansion of clean energy tax credits in recent history, would provide a multi-year extension of existing tax credits for wind and solar, increase tax credits for...more

Opportune LLP

Navigating The Energy Transition: Oil & Gas Industry’s Long Road Ahead

Opportune LLP on

Find out why upstream oil and gas companies are playing the long game on the path towards an energy transition....more

Latham & Watkins LLP

Energy & Infrastructure: Renewables Driving Change in the Investment Landscape

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Macro market shifts as part of the energy transition are spurring investors, sponsors, and even traditional oil and gas producers to move in new directions. There is an increase in wind and solar projects being funded, with...more

Farella Braun + Martel LLP

Battery Energy Storage Systems Integrated in Solar Facilities To Receive Tax Incentives

Intermittency is one of the largest issues impeding increased reliance on energy from utility-scale renewable energy generation sources such as wind and solar. Battery energy storage systems (“BESSs”) can alleviate concerns...more

Orrick, Herrington & Sutcliffe LLP

Financial Incentives for Carbon Capture, Use and Sequestration – The Updated Section 45Q Program

While the fossil fuel industry continues to enjoy a number of tax incentives, a new generation of tax incentives were enacted in the early 2000s to promote the use of renewable energy. These include the expansion of the...more

Allen Matkins

Renewable Energy Update - July 2020

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House Democrats pass major clean energy bill as Senate GOP mulls timeline for economic stimulus - Bullet Utility Dive – July 2 - The House this Wednesday passed a $1.5 trillion green recovery package, the Moving Forward...more

Robinson & Cole LLP

Green Tax Incentive Compendium - January 2019

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This volume presents certain federal and state ta incentives promoting the renewable energy and energy efficiency industries. Each section outlines the basi features and regulatory requirements for a tax program which...more

Dickinson Wright

Exempt Now and Forever More? Not So, Taxpayer

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Like many states, Florida has enacted a renewable energy device exemption legislation that is intended to incentivize construction of residential, building and utility size solar and wind farms....more

Robinson & Cole LLP

Green Tax Incentive Compendium - July 2017

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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

Pierce Atwood LLP

Under the Dome: Inside the Maine State House

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3% Surcharge To Cause Loss of Revenue, Not Gain - On Monday, May 1, the Maine Revenue Forecasting Committee reported to the Governor and Legislature on first quarter estimated individual income tax payments. ...more

Robinson & Cole LLP

Green Tax Incentive Compendium - January 2017

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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

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

Allen Matkins

Renewable Energy Update - March 2016 #3

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Renewable Energy Focus - Davis and Yolo County take charge of electricity purchases - Sacramento Bee - Mar 21 - Yolo County and the City of Davis are joining a growing number of communities in California in...more

Nexsen Pruet, PLLC

NC Legislative Update for September 2015 #2

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This Week - The sole focus for both chambers this week was the budget. Last weekend, budget writers from the two chambers remained in Raleigh over the Labor Day weekend to continue negotiations. Significant progress was...more

Allen Matkins

Renewable Energy Update -- May 2014 #2

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Renewable Energy Focus - White House announces new action on solar energy: TIME - May 9 - The White House is announcing executive actions to advance clean energy on Friday, including $2 billion worth of upgrades to...more

Stoel Rives LLP

What is the Value of Solar? Minnesota Agency Starts to Answer. . .

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In May 2013, the Minnesota Legislature passed legislation that, among other things, set a solar standard, directed Xcel Energy to develop a community solar garden program, and provided for the development of an alternative...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

Allen Matkins

Renewable Energy Update -- June 4, 2013

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Renewable Energy Focus - Terra-Gen receives approval for wind farm in wake of condor decision -- LA Times - Science News - May 24: On Friday, the U.S. Bureau of Land Management, with approval from the Fish and Wildlife...more

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