Treasury
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CommentaryUncertainty Gives Way to Urgency: Latest Treasury Guidance Signals the Time is Now to Get Solar Projects Underway
Ever since the One Big Beautiful Bill Act (OBBBA) first surfaced, it has been widely portrayed as an existential threat to the renewable energy transition. From boardrooms to project sites, developers braced for the worst—expecting a wave of regulatory shifts that could undermine years of progress in clean energy deployment. However, with the latest guidance from the Treasury Department released this August, uncertainty has been replaced by urgency—signaling that the time is now for decision-makers to get moving on their much-needed solar initiatives.
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RenewablesTrump 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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HydrogenRegulations Impact Developments in Clean Hydrogen Production
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 […]
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HydrogenTreasury’s Proposed Clean Hydrogen PTC Rule Disappoints Power Industry
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 […]
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Legal & RegulatoryNew Labor Regulations Could Have Implications for Renewables Developers
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 […]