Treasury

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 […]

The recent release of proposed regulations to the Clean Hydrogen Production Credit by the U.S. Department of the Treasury and Internal Revenue Service (IRS) has stirred significant interest in the energy sector. These changes mark a pivotal moment in advancing toward a cleaner, more sustainable energy economy. Ongoing review and analysis will be crucial as […]

The Department of the Treasury has released proposed regulations and guidance defining a tax credit for the production of “clean hydrogen,” a significant supply-side incentive that is part of the Biden administration’s larger climate-driven policy framework. But though long-awaited, the measure has stirred up strong disappointment from the power industry. If finalized, the Treasury Department’s […]

Developers of renewable energy projects generally haven’t concerned themselves with the Davis-Bacon Act, the Great Depression-era federal law that mandates the paying of prevailing wages to laborers on public works projects. However, if the Department of Labor (DOL) gets its way, that might soon change. On August 23, 2023, DOL published new Davis-Bacon and Related Acts regulations that contain […]