Tag Archives: Incentives

Further IRS Clarification on Tax Credit Prerequisites for Renewable Energy

As discussed on early blog posts (April 15th and April 28th), the American Taxpayer Relief Act of 2012 modified the definition of a qualified facility under Section 45(d) of the Internal Revenue Code (IRC) for purposes of the production tax … Continue reading

Posted in CleanTech, Sustainability | Tagged , , , , | Leave a comment

Army Celebrates 2nd Anniversary of its Energy Initiatives Task Force by Spending $7 Billion

On September 9, 2013 the Army awarded $7 billion worth of Multiple Award Task Order Contracts (“MATOC”) for wind technology.  This leaves only biomass to round out the Army’s four-pronged energy

Posted in CleanTech, Sustainability | Tagged , , | Leave a comment

IRS Updates Definition of Binding Contract for Beginning Construction PTC Test

As discussed previously on the blog, the IRS released Notice 2013-29 on April 15 which provided guidance on determining when construction has begun on a qualified renewable energy facility for purposes of the production tax credit.   The Notice provided that … Continue reading

Posted in Sustainability | Tagged , , , , , | 1 Comment

IRS Release Guidance on Beginning Construction Rules for PTC

The IRS released Notice 2013-29 (Notice) on April 15th providing much anticipated guidance on methods for establishing “Beginning Construction” for purposes of qualifying renewable facilities for the renewable electricity production tax credit (PTC) under Section 45 or the energy investment … Continue reading

Posted in CleanTech, Sustainability | Tagged , , , , , | 2 Comments

Significant IRS Private Letter Ruling Allows Native American Indian Tribe to Allocate ITC Credits in Renewable Project

As discussed previously in the blog, Section 48 generally allows for an investment tax credit for qualified energy property, which includes equipment that uses solar energy to generate electricity.  Section 50(b)(3) provides that no investment credit, which includeS the Section 48 … Continue reading

Posted in CleanTech, Climate Change, Sustainability | Tagged , , , , , , , | 1 Comment