The Trump administration is expected to take quick and decisive action to weaken the IRA once he takes office.
Trump’s vow to end delays in federal drilling permits and leases for oil and gas production could benefit...more
1/17/2025
/ Clean Energy ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Inflation Reduction Act (IRA) ,
Methane ,
NEPA ,
Offshore Wind ,
Oil & Gas ,
Paris Agreement ,
Permits ,
Regulatory Reform ,
Renewable Energy ,
Solar Energy ,
Trump Administration
Under the final regulations, taxpayers are permitted to produce eligible components using recycled materials.
Components which are sold and then later become defective will not be considered defective components for...more
The proposed regulations provide the initial guidance for new tax credits that go into effect in 2025 for clean electricity facilities using various technologies that achieve net-zero greenhouse gas (GHG) emissions.
Under...more
The application cycle for Treasury to award this round of credits will soon open, providing applicants an opportunity to receive significant funding for clean energy, industrial decarbonization and critical materials...more
5/6/2024
/ Clean Energy ,
Department of Energy (DOE) ,
Energy Sector ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Nuclear Power ,
Solar Energy ,
Tax Credits ,
U.S. Treasury ,
Wind Power
The proposed regulations go beyond the use of the GREET model by requiring the use of “energy attribute certificates” (EACs) to prove eligibility for the credit under section 45V of the Internal Revenue Code (IRC). The use of...more
1/2/2024
/ Clean Energy ,
Department of Energy (DOE) ,
Energy Tax Incentives ,
European Commission ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Proposed Regulation ,
Renewable Energy ,
Tax Credits ,
U.S. Treasury ,
Zero Emission Credits
The proposed regulations provide important clarity on the distinction between substantial and superficial modification for purposes of determining eligible components produced by the taxpayer, along with guidance as to...more
12/22/2023
/ Anti-Abuse Rule ,
Clean Energy ,
Component Parts Doctrine ,
Engineering ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Manufacturers ,
Minerals ,
Proposed Legislation ,
U.S. Treasury
The proposed regulations add new definitions to clarify what is required under foreign entity of concern (FEOC) compliance.
The Revenue Procedure provides guidance to qualified manufacturers on reporting and other...more
The proposed regulations offer helpful guidance for taxpayers seeking to take advantage of the ITC under IRC section 48.
The proposed regulations add new definitions to clarify the scope of recently added qualifying...more
The proposed regulations adopt the Department of Labor’s published rates for prevailing wages for the relevant type of construction in the geographic location of the project.
The proposed regulations provide additional...more
9/12/2023
/ Apprenticeships ,
Construction Industry ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Penalties ,
Prevailing Wages ,
Proposed Regulation ,
Recordkeeping Requirements ,
Safe Harbors ,
U.S. Treasury
Under the IRA, select renewable energy credits are transferrable, including to individuals and pass-through entities.
The transferees of these credits are subject to the passive activity rules of Section 469 of the...more