tax credits
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Renewables
Trump Administration Further Restricts Tax Credits for Solar and Wind Energy
The Trump administration has announced another policy that will likely harm the U.S. renewable energy industry. New guidance from the Treasury Department announced August 15 will make it even harder for wind and solar power projects to take advantage of federal tax credits, which already were under fire from the White House. Friday’s move is […]
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Legal & Regulatory
FEOC May Expand in Scope and Application for Inflation Reduction Act
The energy industry, and particularly those participating in renewables, battery storage, and electric mobility, and their supply chain (solar panels, wind turbines, battery components, etc.), are facing
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Renewables
Making Clean Energy Credits Count: What the IRA Means for Your Bottom Line
Clean energy is accelerating, and the Inflation Reduction Act (IRA) is a major driver. It introduced the largest package of federal clean energy tax incentives in U.S. history, with significant implications for developers, investors, and manufacturers across the sector. But taking advantage of these incentives isn’t automatic. The credits come with detailed rules around eligibility, […]
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Solar
Shedding Light on Solar Incentives—Why Property Owners Remain in the Dark
As the world grapples with climate change and seeks sustainable energy solutions, solar energy has emerged as a front-runner in renewable energy sources. Despite the numerous benefits associated with solar power, many property owners remain unaware of the federal, state and utility incentives available to them for installing solar panels. There are also many grant […]
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Commentary
How the Presidential Election Could Impact Renewable Energy Tax Credits
President Biden signed the Inflation Reduction Act (IRA) into law in 2022. The IRA is the largest public investments in renewable energy in American history and created more than 20 different tax incentives for renewable energy and related manufacturing. Certain Republic politicians have directed vitriol at the IRA. However, even if Republicans win the White […]
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Legal & Regulatory
Unlocking America’s Clean Hydrogen Potential: Navigating Policy, Challenges, and Market Opportunities
The U.S. clean hydrogen sector is poised for significant growth, driven in part by its potential to reduce carbon dioxide emissions in hard-to-abate industries such as transportation and chemical production. The Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL) have catalyzed this momentum, providing production tax credits (PTCs) and billions in funding to […]
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Renewables
Impact of the IRA on U.S. Renewable Energy Manufacturing and Supply Chains
The Inflation Reduction Act was designed to enhance domestic manufacturing and secure domestic supply chains. The act, signed by President Biden in 2022, was sponsored by Sens. Chuck Shumer (D-NY) and Joe Manchin (D-WV), with the legislation also drawing from House Bill HR5376 sponsored by Rep. John A. Yarmuth (D-KY 3). According to a White […]
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Interview
The POWER Interview: The IRA’s Impact on Tax Credits, Tax Equity, and Renewable Energy
The Inflation Reduction Act (IRA) represents the largest incentive effort for clean energy in U.S. history. Its impact touches multiple sectors, including solar, wind, hydrogen, energy storage, and more. The IRA includes more than 70 investment, production, and excise credits designed to facilitate the transition to cleaner energy production. The legislation promotes advanced manufacturing, and […]
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Solar
Feds Release Final Rules on Clean Energy Tax Credits
Renewable energy project developers now have important clarification about the transferability of clean energy tax credits, as the U.S. Treasury Dept. and the Internal Revenue Service (IRS) released final rules on the issue on April 26. The Inflation Reduction Act (IRA) passed in 2022 created two new credit delivery mechanisms—so-called elective pay or direct pay, […]
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Interview
The POWER Interview: IRA’s Impact on Solar’s Evolution
The Solar Energy Industries Association (SEIA) and Wood Mackenzie’s recent report on solar power installations said the U.S. installed a record 32.4 GW of new solar generation capacity in 2023, including 22.5 GW of new utility-scale capacity. That’s a 37% jump from the previous record, set in 2021, and a 51% increase from 2022. The […]