Section 1060 and Purchase Price Allocations
Tax basis allocation issues are getting more attention in court. The latest skirmish, in a Treasury cash grant case, suggests that the US government may re
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Partnership Flips and California Property Taxes
California clarified that partnership flip transactions do not trigger property tax reassessments for solar projects. The bill that did so still leaves som
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Automatic LIBOR Replacement
LIBOR would be replaced automatically with SOFR in some loans and other contracts under a bill that passed the US House of Representatives in early Decembe
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Solar and Public Utility Property
“Public utility property” questions continue to take up IRS time. The issue is whether an investment tax credit and accelerated depreciation can be claimed
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Battery purchase contracts
The latest update in market trends from the Energy Information Administration predicts installed capacity for battery energy storage projects ...
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Required Reporting to FINCen
The United States moved one step closer in December to requiring US companies to file reports with the US Treasury disclosing their beneficial owners. Repo
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US offshore wind financing update
The lead finance people at three large offshore wind projects planned off the US Atlantic coast talked about a range of finance-related topics at the annu
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Cryptocurrency mining for power suppliers
Outsized profits from cryptocurrency mining are an enormous current opportunity for electric power suppliers.
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Hydrogen funding and tax credits
Developers are already circling money for hydrogen projects after a boost in funding in the infrastructure bill that President Biden signed in November.
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Buying American for infrastructure
“Buy America” provisions in the new $1.2 trillion infrastructure plan enacted in November may require that any iron, steel, manufactured products and...
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Utility Status in Iowa
An Iowa homeowners’ association is a water utility and must collect a utility excise tax on water service, the state tax department said. The decision may
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Environmental update 2021 12
The Bureau of Ocean Energy Management, or BOEM, part of the US Department of the Interior, formally designated California’s Morro Bay Wind Energy Area for
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Solar Output Forecasts
Some solar output forecasts are too optimistic. Projects greater than one megawatt in size generated 5% to 13% less output during the period 2011 through 2
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Current challenges
The US renewable energy market is entering a period of potentially rapid growth, but with a great deal of short-term uncertainty.
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Solar tax equity structures
The US government offers two tax benefits for renewable energy projects: an investment tax credit and depreciation. They amount to at least 44¢ per dollar
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