Earlier this year, the U.S. Department of the Treasury issued Notice 2023-17, which established a Low-Income Communities Bonus Credit Program providing up to an additional 20%
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IRS Notice 2025-42 updates tax credit eligibility rules for wind and solar projects under EO 14315, redefining when construction begins for sections 45Y and 48E.
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Starting January 1, 2025, the Inflation Reduction Act replaces the traditional PTC with the Clean Energy Production Tax Credit and the traditional ITC with the Clean Electricity Investment Tax
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When both are used simultaneously to support investment in wind and solar power, the tax incentives provided by the government reduce the cost to the private sector of complying with the government''s
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Explore the key tax considerations for wind energy projects, including the federal Production Tax Credit (PTC), eligibility requirements, and strategies for maximizing tax benefits while ensuring compliance
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The IRS has issued guidance (Rev. Proc. 2023-27) on the application process under section 48 (e) for an allocation of environmental justice solar and wind capacity
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Get important U.S. Treasury and IRS guidance for owners of certain solar or wind facilities built in connection with low-income communities.
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Two tax credits, the investment tax credit (ITC) and the production tax credit (PTC), directly support investment in wind and solar electric power. In the Congressional Budget Office''s baseline
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These facilities or property will be treated as a 5-year property for purposes of cost recovery, leaving them with lower taxable income in the earlier years of a clean energy investment. Credit is adjusted
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The Inflation Reduction Act (IRA), which became law on August 16, 2022, extends and increases tax credits for wind energy projects that begin construction prior to January 1, 2025.
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