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Wind Power Batteries Tax Credits

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

Mayer Brown

Proposed Regulations on Section 45X Advanced Manufacturing Production Tax Credit

Mayer Brown on

On December 14, 2023, the Department of Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) released proposed regulations to implement the Section 45X advanced manufacturing production credit established by the...more

Holland & Knight LLP

An In-Depth Look at Section 45X Proposed Regulations

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on Dec. 14, 2023, released Proposed Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. (See Holland& Knight's previous...more

Troutman Pepper

Taking Charge: Inside the U.S. Battery Boom

Troutman Pepper on

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

Latham & Watkins LLP

IRS Issues Initial Rules for Domestic Content Bonus Tax Credits

Latham & Watkins LLP on

IRS Notice explains how a renewable energy project may qualify for bonus tax credits by using American-made components. Key Points: ..All project components made primarily of steel or iron that perform a structural...more

Foley & Lardner LLP

IRA Tax Credits Benefit Energy and Manufacturing

Foley & Lardner LLP on

The passage of the Inflation Reduction Act (IRA) in August of last year saw the introduction of a number of new and expanded tax credits aimed at boosting onshore American manufacturing. These incentives represent...more

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