The IRS on Aug. 15, 2025, released Notice 2025-42, which provides new guidance on how taxpayers can establish that they have begun construction of a wind or solar facility for purposes of determining whether such facility is...more
8/18/2025
/ Clean Energy ,
Energy Projects ,
Energy Tax Incentives ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Wind Power
The IRS released additional guidance on June 23, 2025, in the form of Notice 2025-31 (Notice) regarding the energy community bonus credit under Sections 45, 48, 45Y and 48E of the Internal Revenue Code. The Notice follows...more