News & Analysis as of

Inflation Reduction Act (IRA) Energy-Efficiency Tax Credits

Bowditch & Dewey

Save on your energy bill and income taxes

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It is possible to reduce both your energy bills and your federal income tax through use of the energy tax credit. If you make energy efficient home improvements after January 1, 2023, you may qualify for a tax credit up to...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

Jones Day

Navigating the Emerging Market for Green Energy Tax Credits

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The Inflation Reduction Act of 2022 (the "IRA")—President Biden's landmark climate change legislation—created or expanded tax credits for various renewable energy sources, including wind, solar, and hydropower, as well as for...more

Jones Day

Administration Finalizes Regulations on Clean Energy Tax Credit Transfers

Jones Day on

The Department of Treasury and the Internal Revenue Service issued final regulations on requirements for taxpayers selling clean energy tax credits....more

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

Federal Tax Treatment of Amounts Paid Toward the Purchase of Energy Efficient Property/Improvements Under Department of Energy...

The United States Internal Revenue Service (“IRS”) issued Announcement 2024-19 titled: Federal Tax Treatment of Amounts Paid Toward the Purchase of Energy Efficient Property and Improvements Under Department of Energy...more

Akin Gump Strauss Hauer & Feld LLP

Proposed Clean Hydrogen Guidance: Limitations on Credit Availability for Green Hydrogen Projects and Paths Forward

Guidance recently issued by the Department of the Treasury and the Internal Revenue Service (IRS) in proposed regulations (REG-117631-23) will (if held to be final) have a significant impact on green hydrogen projects in the...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update - January 2024

Climate Corps Listening Sessions - The White House has announced a series of virtual listening sessions for the newly launched American Climate Corps to be held in January and February 2024. With a goal of recruiting...more

King & Spalding

IRS Publishes Guidance on “Energy Community” Tax Credit Bonus

King & Spalding on

IRS Notice 2023-29 (the “Notice”) provides initial guidance on “energy community” tax credit bonuses. The Notice describes certain relevant rules and concepts that the Treasury and IRS intend to include in forthcoming...more

McDermott Will & Emery

Weekly IRS Roundup February 13 – February 17, 2023

McDermott Will & Emery on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. ...more

ArentFox Schiff

White House Releases IRA Guidebook Providing Roadmap to Clean Energy Funding

ArentFox Schiff on

On December 15, the White House added a new Guidebook to the Inflation Reduction Act to its clean energy webpage. The Guidebook is a valuable resource to help businesses, organizations, and individuals secure access to the...more

Katten Muchin Rosenman LLP

IRS Issues Guidance on "Qualified Manufacturer" Requirements for New Electric Vehicle Tax Credits

The Inflation Reduction Act of 2022, Public Law 117-169, created three new electric vehicle (EV) tax credits - - the clean vehicle tax credit (Section 30D) for consumers; - the commercial clean vehicle tax credit...more

Hogan Lovells

Impact of the IRA on the real estate industry

Hogan Lovells on

The Inflation Reduction Act (the “IRA”) is a historic piece of legislation that includes approximately $369bn of funding for a number of strategies to reduce carbon emissions and combat climate change. Although it may be...more

King & Spalding

H2ypothetical - Clean Electricity Credits

King & Spalding on

On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act). The Act includes multiple tax benefits for hydrogen production, storage and utilization, summarized in the following King & Spalding...more

Hogan Lovells

The IRA’s electric vehicle and battery credits: More complexity and more benefit for US manufacturing

Hogan Lovells on

The Inflation Reduction Act (IRA) includes a significant expansion of U.S. electric vehicle (EV) tax credits.  In contrast to the IRA’s extensions of other preexisting clean energy tax incentives, the IRA’s consumer EV tax...more

Harris Beach Murtha PLLC

Key Tax Provisions of the Inflation Reduction Act of 2022

On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (the “Act”) into law. Among its provisions, the Act provides the biggest investment ever in the US to fight climate change, places a cap on...more

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