On August 15, 2025, the Internal Revenue Service (IRS) issued Notice 2025-42, providing long-awaited guidance on the “beginning of construction” requirements for wind and solar facilities under Sections 45Y and 48E of the...more
8/19/2025
/ Clean Energy ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Tax Credits ,
U.S. Treasury ,
Wind Power
One of the highly anticipated provisions of the One Big Beautiful Bill Act (OBBBA) is the extension and expansion of the Opportunity Zone (OZ) program, which was originally enacted under the Tax Cuts and Jobs Act of 2017...more
7/23/2025
/ Capital Gains ,
Economic Development ,
Investment ,
IRS ,
New Legislation ,
One Big Beautiful Bill Act ,
Opportunity Zones ,
Real Estate Investments ,
Reporting Requirements ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Planning ,
Tax Reform ,
U.S. Treasury
The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, provides for enhanced restrictions on entities claiming many of the renewable energy credits established under the Inflation...more
7/22/2025
/ Clean Energy ,
Energy Policy ,
Energy Sector ,
Energy Storage ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
New Legislation ,
One Big Beautiful Bill Act ,
Renewable Energy ,
Tax Credits ,
Tax Incentives ,
Tax Legislation ,
Tax Liability ,
Tax Reform ,
Trump Administration
On July 4, 2025, the One, Big, Beautiful Bill Act (the Act) was enacted. Several provisions of the Act will impact renewable energy projects and the tax credits generated by such projects. Such provisions include the...more
7/18/2025
/ Compliance ,
Corporate Counsel ,
Energy Policy ,
Energy Projects ,
Executive Orders ,
Foreign Entities ,
New Legislation ,
One Big Beautiful Bill Act ,
Renewable Energy ,
Solar Energy ,
Supply Chain ,
Tax Credits ,
Tax Incentives ,
Wind Power
On July 7, 2025, President Trump signed the executive order “Ending Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources.” The EO directs the Secretary of the Treasury to “strictly enforce” the...more
7/9/2025
/ Energy Policy ,
Energy Projects ,
Energy Sector ,
Enforcement Actions ,
Executive Orders ,
Foreign Entities ,
IRS ,
New Regulations ,
Production Tax Credit ,
Regulatory Reform ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Trump Administration ,
U.S. Treasury
On July 1, 2025, the U.S. Senate passed a version of the One Big Beautiful Bill Act that differed significantly from the version previously passed on May 22 by the U.S. House of Representatives as H.R. 1. Front of mind for...more
7/7/2025
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Foreign Entities ,
Foreign Investment ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Investors ,
New Legislation ,
Regulatory Requirements ,
Renewable Energy ,
Tax Credits
On July 1, 2025, the U.S. Senate passed its version of The One Big Beautiful Bill (OBBB) Act, the massive budget bill that contains significant provisions affecting tax credits for renewable energy project development. After...more
7/3/2025
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
New Legislation ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Senate Finance Committee ,
Tax Credits ,
Tax Reform
Under the Senate Finance Committee’s June 28th version of the One, Big, Beautiful Bill (the “Bill”), there are several limitations and requirements that would take effect based on the date a project begins construction. For...more
7/1/2025
/ Clean Energy ,
Clean Fuels Program (CFP) ,
Construction Industry ,
Energy Policy ,
Energy Projects ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Senate Finance Committee ,
Solar Energy ,
Tax Credits ,
Wind Power
Over the weekend, the Senate released a revised draft of the One Big Beautiful Bill Act, containing important revisions to clean energy tax credits and that, if passed, will impact the entire renewables industry. With this...more
7/1/2025
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Excise Tax ,
Foreign Entities ,
Investment ,
Investment Tax Credits ,
New Legislation ,
Proposed Legislation ,
Renewable Energy ,
Senate Finance Committee ,
Solar Energy ,
Tax Credits ,
Wind Power
The Senate Finance Committee recently released its own draft of the “One Big Beautiful Bill Act” (the Bill) previously passed by the House as H.R. 1. Both the House and Senate versions of the Bill impose restrictions on...more
6/25/2025
/ China ,
Energy Projects ,
Enforcement Actions ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
Iran ,
IRS ,
North Korea ,
Popular ,
Prohibited Transactions ,
Proposed Legislation ,
Renewable Energy ,
Risk Management ,
Russia ,
Senate Finance Committee ,
Supply Chain ,
Tax Credits ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA)
On June 16, 2025, the Senate Finance Committee released its version of the “One, Big Beautiful Bill” (OBBB) that would create a steep phase-out of renewable energy tax credits—notably, renewable energy companies would have to...more
6/19/2025
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Energy Storage ,
Energy Tax Incentives ,
Foreign Entities ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Safe Harbors ,
Senate Committees ,
Senate Finance Committee ,
Solar Energy ,
Tax Credits
On June 16, 2025, the Senate Finance Committee released its version of the “One, Big Beautiful Bill” (OBBB) that would create a steep phase-out of renewable energy tax credits—notably, renewable energy companies would have to...more
6/18/2025
/ Clean Energy ,
Electric Vehicles ,
Energy Policy ,
Energy Projects ,
Investment Tax Credits ,
New Legislation ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Safe Harbors ,
Senate Finance Committee ,
Tax Credits
On May 22, 2025, the U.S. House of Representatives passed a new version of H.R. 1, “The One, Big, Beautiful Bill” that would effectively repeal the Inflation Reduction Act’s (IRA’s) clean energy tax credits almost...more
5/27/2025
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Energy Tax Incentives ,
Fuel Standards ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
New Legislation ,
Nuclear Power ,
Proposed Legislation ,
Renewable Energy ,
Tax Credits ,
Tax Reform
Lately, elected representatives on both sides of the aisle have been displaying an appetite for expanding transferable tax credits to a broader variety of industries. This is evidenced by the recent profusion of proposed...more
On May 14, 2025, the Ways & Means Committee of the House of Representatives released much-anticipated draft tax legislation from committee markup. Although tax considerations are only one part of the so-called “Big Beautiful...more
On April 30, 2024, the Department of the Treasury issued final regulations on tax credit transfers that allow hydrogen producers to sell tax credits earned under § 45V of the Inflation Reduction Act (IRA). Section 6418 of the...more
4/26/2024
/ Fossil Fuel ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Hydropower ,
Inflation Reduction Act (IRA) ,
Leases ,
Mineral Leases ,
Purchase Agreement ,
Solar Energy ,
Tax Credits ,
Wind Power
The Inflation Reduction Act (the “IRA”) provides funding for several tax credit incentives related to significant investments in energy projects. One of these credits is the section 48C investment tax credit (“48C Credit”),...more
On May 12, 2023, in Notice 2023-38 (the “Notice”), the IRS published rules intended for inclusion in forthcoming regulations regarding domestic content bonus credit amounts.
The Inflation Reduction Act of 2022 amended §§...more
In an effort to trade an increase in the debt ceiling for spending cuts, the Republican-controlled U.S. House of Representatives has narrowly passed H.R. 2811, dubbed the Limit, Save, Grow Act of 2023. The legislation seeks...more
Kevin McCarthy (R-CA), the Speaker of the U.S. House of Representatives, has introduced a debt limit plan that aims to cut government spending by $2.7 trillion over the next decade. The Republican plan specifically targets...more
On October 5, 2022, the U.S. Department of the Treasury highlighted six separate notices requesting initial general public comments in response to specific sets of questions pertaining to climate and clean energy tax...more
On August 16, 2022, President Joseph Biden signed into law the Inflation Reduction Act of 2022 in what many have called the largest investment in climate change countermeasures in U.S. history....more
8/29/2022
/ Carbon Capture and Sequestration ,
Carbon Emissions ,
Clean Energy ,
Clean Fuels Program (CFP) ,
Energy Tax Incentives ,
Incentives ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Joe Biden ,
New Legislation ,
Nuclear Power ,
Popular ,
Renewable Energy ,
Superfund
The Repurchase of Corporate Stock provision of the Inflation Reduction Act of 2022 (IRA), often called the stock-buyback provision, imposes a one percent excise tax on the repurchase or redemption of stock by covered...more
The Inflation Reduction Act of 2022 (IRA) includes increased Internal Revenue Service (IRS) funding in the amount of approximately $80 billion over ten years. According to a Congressional Research Service report, the law...more
Direct pay proposals contained in the proposed Build Back Better Act promise to establish a system that would allow renewable energy developers to elect to receive ITC and PTC tax credits as a refundable credit....more
6/24/2022
/ American Recovery and Reinvestment Act ,
Clean Energy ,
Economic Growth ,
Energy Projects ,
Energy Sector ,
Energy-Efficiency Tax Credits ,
International Trade Commission (ITC) ,
Investors ,
Renewable Energy ,
Tax Equity ,
U.S. Treasury