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IRS Announcement 2022-23 updates the production tax credit (PTC) rate to 2.75 cents a kWh for wind, solar, geothermal and closed-loop biomass power plants placed in service after 2021.

Posted in Blog article Renewable energy

The IRS said this afternoon that production tax credits on new wind, solar, geothermal and closed-loop biomass power plants put in service in 2022 are 2.75¢ cents a KWh.

Posted in Solar Power Renewable energy Publication

David Burton discusses the partial relief provided by the IRS extension for renewable energy projects.

Posted in Power Renewable energy Solar Wind Infrastructure Blog article

Posted in Renewable energy Wind Publication

The Internal Revenue Service filled in detail in July about how the cap works on interest deductions and what is considered interest for this purpose. Bumping up against the cap makes borrowing more expensive.

Posted in Power Infrastructure Publication

Utilities keep asking the IRS whether renewable energy projects they plan to own will be “public utility property.”

Posted in Power Infrastructure Publication Renewable energy Oil and gas Solar Wind

The Internal Revenue Service gave developers who started construction of wind farms in 2016 or 2017 more time on May 27 to finish the projects and qualify for federal tax credits.

The IRS has issued two notices that are beneficial to the wind industry.  The first, which applies to all wind projects (including those in their first ten years of operations) increases the OTC

Posted in Wind Blog article

Under current IRS rules, wind developers can claim the full amount of the federal production tax credit (PTC) through 2020 if they either started physical work of a significant nature or spent a

Posted in Blog article

New IRS guidance for developers of wind farms and other renewable energy projects that qualify for production tax credits modifies the safe harbor ...

Posted in Renewable energy Blog article