Tax Equity News

IRS extension is partial relief for renewable energy projects

Posted by David Burton

July 06, 2021

Posted in Power Renewable energy Solar Wind Infrastructure Blog article


The Internal Revenue Service's June 29 Notice 2021-41 has provided certain relief under the start-of-construction rules for wind and solar projects.

Projects that started construction from 2016 to 2019 now have six years to be completed and retain their start-of-construction vintage, while projects that started construction in 2020 continue to have five years to be completed.

The completion deadline issue dates back to 2013. In the original start-of-construction guidance, provided in Notice 2013-29, once a taxpayer started construction it was obligated to pursue the process continuously until completion of the project.

Read the entire Law360 article written by David Burton.

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