Energy and Infrastructure
Get to Work: New Treasury Guidance Changes Safe Harbors for Solar and Wind Tax Credits
On August 15, the Treasury Department published long-awaited guidance on applicability of “beginning of construction” safe harbors for solar and wind projects under the One Big Beautiful Bill and Executive Order 14315. While IRS Notice 2025-42 was expected to be much worse for the industry, the version that was issued does provide relief for those…
Read MoreThe Forecast Calls For Sun: What New Administration’s First 30 Days Means for Solar Industry
United States policy surrounding renewable energy has fluctuated significantly as administrations change; President Jimmy Carter put solar panels on the White House in 1978, and President Ronald Reagan removed the panels in 1986. Those who have worked in the renewable energy industry anticipate these fluctuations and adapt their plans to accommodate them. However, the shift…
Read MoreCapturing the Sun: State Prompt Payment Acts’ Effects on Solar Construction
As the energy sector continues to expand, developers and contractors looking to expand their footprint are crossing state lines to construct energy projects. This is a good strategy for applying the same, successful strategies to a broader prospective customer base. However, while there are issues faced uniquely by energy project developers, the construction contracts for…
Read MoreRelief from NIMBYism for Renewable Energy: New York’s RAPID Act
One of the biggest challenges to states meeting ambitious Clean Energy Standards is local opposition to large scale projects, something we’ve written about previously. The federal government and many state legislatures have taken significant steps to incentivize and promote a rapid clean energy transition. However, because local governments in many areas still play a critical…
Read MoreNew Domestic Content Adder Guidance: ‘Buy American’ is Back
On May 16, 2024, the Department of the Treasury and the IRS announced the release of Notice 2024-41,[1] which clarifies the safe harbor for classification of project components created in Notice 2023-38 and provides a new safe harbor for the domestic content bonus credit percentages for clean energy tax credits offered under the Inflation Reduction…
Read MoreWhat IRS’s Low-Income Adder Guidance Means For Renewables Projects
The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects that otherwise would not be economically feasible. The IRS issued Revenue Procedure 2023-27 (“Rev. Proc. 23-27”) on August…
Read MoreHow Renewable Energy Developers Can Maximize ITC Value in Deal-Making
On August 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (the “Act”). Among other things, the Act has notable consequences for the renewable energy industry, including restoring the production tax credit (“PTC”) and the investment tax credit (“ITC”), the former of which was established under the Energy Policy Act…
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