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Energy Tax Incentives Energy Storage Energy Sector

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

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

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

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

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

McDermott Will & Schulte

Key Takeaways | The Energy Market in 2021: Legislative Update on Renewable Energy Tax Incentive

The energy market has undergone significant change in the past 12 months, with even more on the horizon. Our webinar series explores how these changes have shaped—and will continue to impact—the energy industry, including...more

McDermott Will & Schulte

[Webinar] The Energy Market In 2021: From Crisis To Opportunity | Legislative Update On Renewable Energy Tax Incentives - May...

The energy market has undergone significant change in the past 12 months, with even more on the horizon. Join us for a webinar series as we explore how these changes have shaped—and will continue to impact—the energy...more

Pillsbury Winthrop Shaw Pittman LLP

Energy Storage Getting a Boost from Capitol Hill

New legislation designed to spur investment in energy storage includes grants, tax incentives, guarantees and mandates for utilities. Four energy storage bills have been introduced in Congress. ...more

Foley & Lardner LLP

Legislation to Extend ITC to Stand-Alone Storage Re-Introduced

Foley & Lardner LLP on

Legislation to extend the Investment Tax Credit (ITC) to energy storage was re-introduced yesterday by Senators Martin Heinrich of New Mexico and Cory Gardner of Colorado, along with 10 cosponsors. For storage, the ITC...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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