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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

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

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

LMI bonus credits will be hard to claim on 2023 projects the way the Internal Revenue Service plans to implement the program.

Posted in Publication

Manufacturing angling for some of the $10 billion in tax credits that the Inflation Reduction Act authorizes to encourage construction of new US factories to make products for the green economy ...

Posted in Publication

Charitable contributions made in cryptocurrency cannot be deducted without an appraisal to establish how much the cryptocurrency is worth.

Posted in Publication

Production tax credits for producing renewable electricity will be higher this year than in 2022, but the amount varies depending on when the project went into service.

Posted in Power Infrastructure Publication

The tax credit sales market should ramp up quickly. Buyers will have to repay the government if tax credits are recaptured or disallowed on audit.

Posted in Renewable energy Publication

The Internal Revenue Service filled in many missing details this week in new wage and apprentice requirements.

Posted in Publication Infrastructure Power

Guidance the US Treasury released on December 14 for claiming section 45X tax credits for manufacturing components for solar, wind and storage projects will require checking whether the manufacturer ...