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Now Open For Business - Department of Energy eXCHANGE Portal

Now Open for Business: Department of Energy eXCHANGE Portal

The DOE eXCHANGE portal for Qualifying Advanced Energy Project 48C Credit Program is now open. Projects applying for the first allocation round of $4 billion of the Qualifying Advanced Energy Project Credit (Section 48C) investment credit must use this portal, or any successor portal, to…

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Summary of IRS Guidance on Domestic Content Requirements

Summary of IRS Guidance on Domestic Content Requirements

The IRS has issued Notice 2023-38 providing guidance on the domestic content requirements for the additional bonus credit amount of up to 10% for Investment Tax Credit (ITC) or Production Tax Credit (PTC) qualified facilities, energy projects or energy storage technologies. 

For…

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The Inflation Reduction Act Permits the Transfer of Energy Credits

The Inflation Reduction Act Permits the Transfer of Energy Credits

The Inflation Reduction Act of 2022 permits the transfer of renewable energy tax credits to an unrelated party in exchange for cash as part of $369 billion in spending and tax credits for climate and energy programs. This provision could have a significant impact across the energy industry by…

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The Inflation Reduction Act: Renewable Energy Tax Credits

The Inflation Reduction Act: Renewable Energy Tax Credits

The Inflation Reduction Act of 2022, signed into law by President Joe Biden on August 16, 2022, includes $369 billion in spending and tax credits for climate and energy programs over 10 years. The Act is a smaller version of the Build Back Better Act (BBBA) passed in the House of Representatives…

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