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Wind Power Energy Storage Tax Credits

Allen Matkins

Renewable Energy Update 7.17.25

Allen Matkins on

The budget reconciliation bill signed into law on July 4 (also known as the “One Big Beautiful Bill”) adds a new provision to the National Environmental Policy Act (NEPA) that allows project sponsors/applicants to pay for...more

Allen Matkins

Renewable Energy Update 2.21.25

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Clean energy installations in the U.S. reached a record high last year, with the country adding 47% more capacity than in 2023, according to new research from energy data firm Cleanview. Boosted by tax credits under the...more

Troutman Pepper Locke

Special Report: How Will the New US Government Impact Energy Storage? - Insights into the future prospects for the energy storage...

Troutman Pepper Locke on

The result of the 2024 U.S. presidential election means uncertainty about future prospects for the renewable energy sector. President Donald Trump has been hostile in the past toward parts of the renewables industry –...more

Bradley Arant Boult Cummings LLP

Inflation Reduction Act Domestic Content Bonus Update: IRS Issues Updated Guidance with First Updated Elective Safe Harbor

On January 16, 2025, the IRS released Notice 2025-08, modifying its prior guidance issued as Notice 2023-38 and Notice 2024-41, for taxpayers seeking to qualify for the domestic content bonus tax credit amounts under the...more

Allen Matkins

Renewable Energy Update 1.9.25

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According to a new study published in the journal Renewable Energy, no blackouts occurred when wind, water, and solar electricity supply exceeded 100% of demand on California’s main grid for a record 98 of 116 days from late...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

Allen Matkins

Renewable Energy Update 7.18.24

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The California Energy Commission (CEC) has adopted a strategic plan that will guide the state’s development of offshore wind energy. The plan outlines analysis and strategies to deploy floating turbines off California’s...more

A&O Shearman

Navigating the new elective safe harbor for the Domestic Content Bonus Tax Credit

A&O Shearman on

The U.S. Treasury Department and the Internal Revenue Service have issued a new safe harbor that will make it easier for U.S. solar, onshore wind and battery storage projects with U.S.-sourced components to qualify for...more

Clark Hill PLC

[Webinar] Preparing for Clean Energy Tax Credit Transfer Transactions - May 1st, 12:00 pm - 1:00 pm EDT

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Project developers in the EV, solar, wind, battery, CCUS, hydrogen, biofuels, and energy efficiency markets have been blessed by the IRS with the ability to transfer tax credits directly to willing buyers. Tax equity...more

Allen Matkins

Renewable Energy Update 3.21.24

Allen Matkins on

The first commercial-scale offshore wind farm in the United States is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility...more

Allen Matkins

Renewable Energy Update 12.21.23

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The Bureau of Ocean Energy Management (BOEM) will be conducting a regional environmental review of potential development activities on the five offshore wind lease areas off California’s central and north coasts....more

Holland & Knight LLP

Breaking Down the Section 48 Investment Tax Credit Proposed Regulations

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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

Wilson Sonsini Goodrich & Rosati

IRS Releases New Proposed Rules for the Low-Income Communities Bonus Credit for the Investment Tax Credit

On May 31, 2023, the Department of Treasury (Treasury) and Internal Revenue Service (IRS) released proposed rules that set forth application and eligibility criteria for the low-income communities bonus credit investment...more

Troutman Pepper Locke

Taking Charge: Inside the U.S. Battery Boom

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The Inflation Reduction Act (IRA) has supercharged global interest in U.S. battery storage, forcing companies to change their approach to the market. We look at how this generational legislation is driving growth and...more

Holland & Knight LLP

Break Out Your Calculator: IRS Releases Domestic Content Bonus Credit Guidance

Holland & Knight LLP on

Following the release of energy community bonus credit and low-income community bonus credit guidance, the U.S. Department of the Treasury and IRS recently provided taxpayers with the domestic content bonus credit guidance....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

Mayer Brown

Energy Storage Tax Credits in the Biden Administration FY 2022 Budget, GREEN Act and Clean Energy for America Act

Mayer Brown on

As the renewable energy sector has grown in recent years, thanks in part to federal income tax credits, researchers and policymakers have begun to focus on the role of energy storage. Because wind and solar are intermittent...more

Troutman Pepper Locke

Proposed Legislative Extension of Investment Tax Credits for Energy ‎Storage Technologies

Troutman Pepper Locke on

On March 9, 2021, a bipartisan group of federal lawmakers introduced the “Energy Storage Tax Incentive and Deployment Act of 2021” (the “Act”) which is intended to extend certain investment tax credits to standalone energy...more

Allen Matkins

Renewable Energy Update - December 2020 #4

Allen Matkins on

Congress passes spending bill with solar, wind tax credit extensions and energy R&D package - Bullet Greentech Media – December 22 - The U.S. Congress this Monday passed a massive spending bill that includes $35...more

Allen Matkins

Renewable Energy Update - September 2019 #4

Allen Matkins on

Focus - Landmark law that spurred growth of U.S. renewable energy market set for overhaul - Transmission & Distribution World – September 25 - A 40-year-old law that has been key to the growth of renewable energy in the...more

Allen Matkins

Renewable Energy Update - April 2019 #2

Allen Matkins on

Focus - House lawmakers introduce energy storage tax credit - Utility Dive - April 5 - Rep. Mike Doyle, D-Pa., last Thursday introduced legislation long awaited by clean energy advocates: a tax credit for energy...more

Allen Matkins

Renewable Energy Update - July 2016

Allen Matkins on

Renewable Energy Focus - Senator Heinrich to introduce energy storage tax credit bill - Greentech Media - Jul 5 - There will soon be an energy storage tax credit proposal in both the House and Senate. Senator...more

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