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Inflation Reduction Act (IRA) Geothermal Energy

Davis Wright Tremaine LLP

UPDATE: Senate Joins House in Targeting Solar and Wind—But Pushes Back on Storage, Geothermal, and Hydropower

On June 16, the Senate Finance Committee released its version of the tax provisions of the Reconciliation Bill. Like the House version (H.R. 1) passed on May 22, the Senate version targets solar and wind tax incentives for...more

Pillsbury Winthrop Shaw Pittman LLP

From “Energy Transition” to “Energy Security”: Assessing the Impact of the Republican Trifecta on the Energy Industry

With a renewed focus on domestic energy production and regulatory reform, the incoming administration signals significant shifts in U.S. energy and climate priorities. The incoming Trump Administration will prioritize...more

Baker Botts L.L.P.

Final Regulations Issued Regarding Section 48 Investment Tax Credit

Baker Botts L.L.P. on

On December 12, 2024, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) published final regulations (the “final regulations”) regarding the energy credit under Section 48 of the Internal...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

Foley & Lardner LLP

IRS Releases Long-Awaited Updates to Investment Tax Credit Regulations

Foley & Lardner LLP on

Late last week, the Internal Revenue Service (“IRS”) and Department of the Treasury released the long-awaited proposed regulations (the “Proposed Regulations”) relating to investment tax credits under Section 48 of the Code...more

Allen Matkins

Renewable Energy Update - 4.20.23 - #3

Allen Matkins on

NEXT Energy Technologies Inc. has received $3 million in funding under the California Energy Commission’s Realizing Accelerated Manufacturing and Production for Clean Energy Technologies program, to be applied toward NEXT’s...more

Venable LLP

Inflation Reduction Act: What You Need to Know

Venable LLP on

​​​​​​​On August 16, President Biden signed into law the much-anticipated Inflation Reduction Act. The Act includes numerous clean energy, decarbonization, and climate-related provisions. ...more

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