News & Analysis as of

Offshore Wind Internal Revenue Service Energy Storage

Allen Matkins

Renewable Energy Update 8.22.25

Allen Matkins on

The Internal Revenue Service (IRS) on August 15 issued new rules that would restrict the ability of wind and solar companies to claim federal tax credits, a move that could hinder numerous renewable energy projects under...more

Allen Matkins

Renewable Energy Update 5.07.24

Allen Matkins on

Governor Gavin Newsom said on April 25 that California continued to rapidly add the battery storage that is crucial to the transition to cleaner energy, but admitted it was still not enough to avoid blackouts during heat...more

Allen Matkins

Renewable Energy Update 3.07.24

Allen Matkins on

The U.S. Department of the Treasury and IRS have released final rules on Inflation Reduction Act provisions that aim to expand the reach of the clean energy tax credits. The Act created the new elective pay and...more

Faegre Drinker Biddle & Reath LLP

Section 48 Investment Tax Credit for Offshore Wind and Energy Storage

The Department of the Treasury (DOT), through the Internal Revenue Service (IRS) and in consultation with the Department of Energy (DOE), released new draft guidance on Section 48 tax credits, as well as updated guidance in...more

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