News & Analysis as of

Electricity Energy Sector Tax Credits

A&O Shearman

Highlights of the New Sections 45Y and 48E Wind and Solar Beginning-of-Construction Guidance

A&O Shearman on

On July 4, 2025, Public Law 119-21, commonly known as the One Big Beautiful Bill Act (the “OBBBA”), became law and enacted significant changes to various renewable energy incentives, including the clean electricity production...more

Spilman Thomas & Battle, PLLC

One Big Beautiful Comeback: Coal-Fired Generation

In recent years, coal-fired generation has reduced significantly in relation to other energy generation. As recently as 2014, according to the Environmental and Energy Study Institute, coal produced 39 percent of electricity...more

ArentFox Schiff

Illinois Legislature Passes New Law on Electric Transmission Line Projects, Illinois’ First Battery Storage Procurement, and...

ArentFox Schiff on

Last month, the Illinois General Assembly passed a bill establishing prevailing wage requirements and tax incentives for high voltage transmission line and utility-scale battery storage projects....more

Foley Hoag LLP

Climate Law Matters: Energy & Climate Newsletter - December 2024

Foley Hoag LLP on

In this Issue: Mission is Market - As with many, we in the Foley Hoag energy and climate practice have felt the results of the 2024 election reverberate through our industry. We’ve gathered and digested the most current...more

A&O Shearman

Significant updates in Treasury's final energy credit regulations

A&O Shearman on

The U.S. Treasury Department and the Internal Revenue Service (“IRS”) published final regulations on December 4, 2024, defining “energy property” and rules applicable to energy credits (the investment tax credit, or the...more

BakerHostetler

Proposed Regulations - Clean Electricity Production and Investment Credits (45Y and 48E)

BakerHostetler on

The IRS and Treasury on June 3 issued proposed regulations under Sections 45Y and 48E (proposed regulations), which address clean electricity production and investment tax credits, respectively, that generally replace...more

Miles & Stockbridge P.C.

Understanding the Brighter Tomorrow Act: A New Era for Solar Energy Development in Maryland

Maryland has long been a solar-friendly state, and the Brighter Tomorrow Act, signed into law by Gov. Wes Moore last month, will expand access and adoption of solar energy. The legislation is both a supportive and...more

Foster Garvey PC

Unlocking Clean Energy Investments: New Elective Payment Credits for State and Local Governments

Foster Garvey PC on

State and local governments undertaking clean energy projects may be eligible for cash payments equal to the renewable electricity production tax credit or energy investment tax credit that would have been available to a...more

Holland & Knight LLP

Breaking Down the Section 45V Clean Hydrogen PTC Proposed Regulations

Holland & Knight LLP on

The U.S. Department of the Treasury and the IRS on Dec. 22, 2023, released proposed regulations regarding the production tax credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code, as enacted by the...more

DarrowEverett LLP

What IRS’s Low-Income Adder Guidance Means For Renewables Projects

DarrowEverett LLP on

The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more

Troutman Pepper Locke

The Challenges and Opportunities of Interconnection and Transmission of Renewable Energy

Troutman Pepper Locke on

The boost enabled by the Inflation Reduction Act has, to some extent, been counterbalanced by a range of transitional issues. In this video, Troutman Pepper Partners Brian Harms and Fred Wilson discuss these top-of-mind...more

Bradley Arant Boult Cummings LLP

Key Takeaways for the Energy Industry from the 2023 Texas Legislative Session: What Passed and What Failed

Monday, May 29, 2023, marked the official end of the 88th regular session of the Texas Legislature. It was an especially active session for the energy industry, which saw the passage of several bills that, if signed into law...more

Morgan Lewis

Project Financing and Energy Storage: Risks and Revenue

Morgan Lewis on

The United States and global energy storage markets have experienced rapid growth that is expected to continue. An estimated 387 gigawatts (GW) (or 1,143 gigawatt hours (GWh)) of new energy storage capacity is expected to be...more

Morgan Lewis - Power & Pipes

DOE $2.5B Funding to Advance Carbon Capture Projects at Power Plants and Industrial Facilities

The US Department of Energy (DOE) recently issued two funding opportunities for the development of carbon capture large-scale pilot projects and integrated carbon capture and storage projects at coal or natural gas generation...more

Troutman Pepper Locke

EV Tech Series: The Inflation Reduction Act’s Impact on the Energy Industry With Judy Kwok and Marc Machlin - Battery + Storage...

Troutman Pepper Locke on

The Inflation Reduction Act of 2022 (IRA) is the most significant legislation related to climate change in U.S. history. With it comes significant tax implications for the clean energy industry, including renewables, storage,...more

K&L Gates LLP

Welcome to the Tax Credit Revolution: New Opportunities for the Energy Industry in the Inflation Reduction Act

K&L Gates LLP on

On 16 August 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (IRA). While not as expansive as the Build Back Better Act, the IRA has the potential to dramatically accelerate the energy transition in the...more

ArentFox Schiff

Energy Investment Front and Center in the IRA

ArentFox Schiff on

The Inflation Reduction Act of 2022 (IRA), has several primary goals, including: promoting clean energy, manufacturing, and construction through a wide array of tax incentives and grants; raising revenue through the primary...more

Hogan Lovells

The IRA: what’s in It for manufacturers?

Hogan Lovells on

In the United States, greenhouse gas emissions derive almost evenly from transportation (27%), electricity (25%) and industrial sources (24%). The Inflation Reduction Act (IRA) has been rightly heralded for enabling an...more

Hogan Lovells

The IRA’s transformative tax incentives for solar energy projects and manufacturing operations

Hogan Lovells on

The Inflation Reduction Act (IRA), as passed by the House and Senate, is a major political achievement for the Biden Administration, Senate Majority Leader Chuck Schumer (D-NY), and Democrats of the 117th Congress. This is...more

Eversheds Sutherland (US) LLP

Green Tax, Volume 2

Welcome to Green Tax, Vol. 2. Each quarter we will provide a recap of some of the important energy tax issues of the last quarter, including court rulings, IRS rulings and guidance, legislative activity, and more. ...more

K&L Gates LLP

Energy Storage Handbook 2022

K&L Gates LLP on

The K&L Gates Power practice is pleased to present the latest edition of the Energy Storage Handbook. This handbook is an annually updated primer on what energy storage is, how it is regulated by U.S. federal and state...more

Foley & Lardner LLP

Section 48D: A New Tax Credit for Electric Transmission Property

Foley & Lardner LLP on

The Biden Administration has proposed the creation of a new tax credit under the new Section 48D of the Code for qualifying electric power transmission property that is placed in service after December 31, 2021, but before...more

WilmerHale

DOE Study Lays Groundwork for Solar Energy Development

WilmerHale on

A new study by the U.S. Department of Energy supports a dramatic expansion in solar energy development, finding that solar energy could comprise as much as 40 percent of U.S. electricity supply within the next 15 years. The...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 5, Issue 25

Appeals Court Rules Louisiana Oil-and-Gas Lawsuits Must be Heard in Federal Court - "The state and six coastal parishes have filed 42 lawsuits against 200 fossil fuel companies since 2013 over coastal erosion and wetland...more

Allen Matkins

Renewable Energy Update - June 2021 #4

Allen Matkins on

Senator Ossoff introduces solar energy tax credit legislation - The Hill – June 22 - Senator Jon Ossoff (D-Ga.) has introduced legislation that would grant tax credits for solar energy manufacturers at all stages of...more

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