News & Analysis as of

International Trade Commission (ITC) Renewable Energy Tax Credits

Baker Botts L.L.P.

The One Big Beautiful Bill Proposes to Severely Restrict Clean Energy Tax Incentives

Baker Botts L.L.P. on

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”) that would, if enacted into law, severely restrict clean energy tax incentives. This client update addresses the BBB’s...more

Allen Matkins

Renewable Energy Update - November 2024 #1

Allen Matkins on

New high capacity transmission lines are set to open up large parts of western and northern Nevada for solar development. Last month, the Department of the Interior’s Bureau of Land Management (BLM) approved construction of...more

A&O Shearman

Takeaways from Treasury's proposed regulations on U.S. tax credits for clean hydrogen production

A&O Shearman on

The U.S. Treasury Department (Treasury) and the Internal Revenue Service (the IRS) issued proposed regulations on December 22, 2023, providing initial guidance on the clean hydrogen tax credit under section 45V (the 45V...more

Husch Blackwell LLP

Direct Pay Proposals in the Build Back Better Act and Observations from Industry Insiders

Husch Blackwell LLP on

Under current law, there are significant tax benefits for renewable energy projects in the United States. These benefits include nonrefundable ITC and PTC tax credits and depreciation deductions. ...more

McDermott Will & Schulte

Biden Admin Explores Offshore Wind Development in the Gulf of Mexico

Earlier this week, the Biden Administration announced its intent to consider further expansion of offshore wind development in the Gulf of Mexico. This announcement comes two weeks after the Biden Administration announced an...more

Vinson & Elkins LLP

Consolidated Appropriations Act, 2021: A Christmas Present For The Renewable Energy Industry

Vinson & Elkins LLP on

Late last night, Congress passed the COVID-19 relief bill, which provides extensions for key renewable energy tax credits. President Trump is expected to sign the bill into law in the next few days...more

Akin Gump Strauss Hauer & Feld LLP

Solar Start of Constructive Guidance, a Comprehensive Analysis

New Internal Revenue Service (IRS) guidance on what it takes to start construction of a solar project raises practical questions, but it is very helpful in keeping the industry humming along. Solar projects that are under...more

Holland & Knight LLP

House and Senate Tax Bills Target Renewable Energy Projects

Holland & Knight LLP on

The U.S. Senate passed its version of a bill to overhaul the U.S. tax code on Dec. 2, 2017, and is now working with the House of Representatives to reconcile its bill with the House's version, passed in November. The goal of...more

McDermott Will & Emery

Key Energy-Related Tax Provisions in the 2017 Budget Proposal

McDermott Will & Emery on

Key Energy-Related Tax Provisions in the 2017 Budget Proposal - As in previous proposed budgets, President Obama’s recently released budget proposal for the 2017 fiscal year contains energy-related tax provisions that...more

Davis Wright Tremaine LLP

Additional IRS Guidance on “Beginning of Construction” for ATRA 2012 Tax Credit Extensions

The IRS has released additional guidance (IRS Notice 2013-60) on satisfying the new “beginning of construction” requirement for the renewable energy production tax credit under Code Section 45 (PTC) and energy investment tax...more

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