The end of 2020 was particularly good to offshore wind project developers. Offshore wind projects now qualify for a 30% investment tax credit if construction begins before 2026, and they should have an easier time securing tax equity and debt financing in light of the new 10-year placement i...
…the Treasury itself in May 2021 thought it could raise$700 billionover ten years from better tax enforcement. …By October 2021, the White House had revised its estimate to$400 billionover ten years. Still a ton of money. …Once the Inflation Reduction Act actually came into being, Democr...
You must complete IRS Form 5695 if you qualify to claim the non-business energy property credit or the residential energy-efficient property credit.
IRS Releases Favorable Guidance for Individual Investors in Community Solar to Claim Section 25D Tax CreditKurt R. Rempe
Under theIRA, and as we discussed in a prior alert,assuming a project meets the prevailing wage and apprenticeship requirements, an applicable project can earn a 10% investment tax credit (ITC) or production tax credit (PTC) bonus if it satisfies the domestic content requirement. To satisf...
IRS Notice 2018-59 Clarifies Rules on Beginning of Construction of Solar Facilities to Qualify for the Investment Tax CreditCharles H. Purcell