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Energy Storage › Tax Credits › Energy Tax Incentives

Allen Matkins

Renewable Energy Update 7.3.25

Allen Matkins on

The Republican budget megabill, which makes steep cuts to the Inflation Reduction Act’s clean energy tax credits, now heads to President Donald Trump’s desk after passing both houses of Congress. The House passed the Senate’s...more

White & Case LLP

Amendments to IRA Tax Credits in the Senate Budget Bill

White & Case LLP on

On July 1, 2025, the Senate passed (by a vote of 51-50) its version of the budget reconciliation bill (H.R. 1, the "One Big Beautiful Bill Act") containing numerous tax reform provisions. Below are our summaries of the...more

Husch Blackwell LLP

Senate Finance Committee Revises Energy Tax Credit Framework in Proposed Legislation

Husch Blackwell LLP on

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

Troutman Pepper Locke

A Voltage Voyage With Danielle Spalding, Cirba Solutions — Battery + Storage Podcast

Troutman Pepper Locke on

In this episode, guest hosts Dan Anziska and Coby Beck join Bill Derasmo for an interview with Danielle Spalding, vice president of communications and public affairs at Cirba Solutions. Spalding discusses the importance of...more

Baker Donelson

Final Energy Credit Regulations Under Section 48

Baker Donelson on

Overview - The final regulations, scheduled to be published in final form by the Internal Revenue Service (IRS) and the Department of the Treasury on December 12, 2024, provide comprehensive rules regarding the energy credit...more

Holland & Knight LLP

Breaking Down the Section 48 Investment Tax Credit Proposed Regulations

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on Nov. 17, 2023, released long-awaited proposed regulations (Proposed Regulations) regarding the investment tax credit (ITC) under Section 48 of the Internal Revenue Code. Section...more

Stoel Rives LLP

Treasury Issues Proposed Regulations Regarding Energy Property, Prevailing Wage and Apprenticeship, the 80/20 Rule, and...

Stoel Rives LLP on

The U.S. Department of the Treasury (Treasury Department) recently released a notice of proposed rulemaking regarding four significant aspects of the investment tax credit (ITC) under Section 48 of the Internal Revenue Code...more

McDermott Will & Schulte

Key Takeaways | In the Room Where It Happened

McDermott Will & Schulte on

On August 25, McDermott Will & Emery kicked off its latest 10-part weekly webinar series focused on navigating the new energy landscape following the enactment of the Inflation Reduction Act of 2022 (the Act)—the largest and...more

Eversheds Sutherland (US) LLP

IRS issues new Section 45Q CCUS ruling

Eversheds Sutherland (US) LLP on

The IRS issued Revenue Ruling 2021-13 on July 1, 2021, which provides additional guidance regarding the section 45Q carbon capture, utilization and storage (CCUS) credit. More specifically, the ruling concludes that: ..A...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Energy Storage Tax Incentive and Deployment Act: Federal Legislation Proposed to Provide Tax Credits for Standalone Storage...

Mitchell, Williams, Selig, Gates & Woodyard,... on

Federal legislation has been introduced that would provide that standalone storage projects are eligible for the investment tax credit (“ITC”). The legislation is titled the “Energy Storage Tax Incentive and Deployment...more

Sheppard Mullin Richter & Hampton LLP

Congress Extends Renewable Energy Tax Credits in 2021 Omnibus Spending Bill

Sheppard Mullin Richter & Hampton LLP on

As Congress was completing final negotiations of the stimulus package dealing with the public health and economic impacts of the coronavirus pandemic, several key energy provisions made their way into the 5593-page omnibus...more

Mayer Brown

Maryland’s Energy Storage Tax Credit Turns Two

Mayer Brown on

As previously discussed on this blog, Maryland, in 2017, become the first state in the county to offer an income tax credit for energy storage systems and, to our knowledge, as of 2019, it remains the only state to do so....more

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