Latham's Clean Energy Law Report

Tag Archives: production tax credit

IRS Issues Additional Guidance on “Begun Construction” Requirement for Wind Energy Credits

By Julie Marion and E. Rene de Vera On May 5, 2016, the Internal Revenue Service (IRS) issued Notice 2016-31 (Notice) to provide additional guidance regarding the “begun construction” requirement for renewable energy facilities seeking to qualify for the production tax credit (PTC) under Section 45 of the Internal Revenue Code (Code) or the investment … Continue Reading

Congress Extends Wind and Solar Tax Credits Subject to Phase-out

By Julie M. Marion and Thomas Halpern The Consolidated Appropriations Act, 2016 (the Act), which President Obama signed into law on December 18, 2015, re-enacts the production tax credit (PTC) and investment tax credit (ITC) for wind energy projects and modifies and extends the 30% ITC for solar energy projects. For both resources, the Act … Continue Reading
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