Final Regulations Issued Regarding Section 48 Investment Tax Credit
The ITC is a key incentive for investment in clean energy facilities and energy storage technology. The final regulations provide guidance on amendments to Section 48 under the Inflation
IRS Finalizes Investment Tax Credit Regulations
The regulations provide important clarity around investment tax credits for biogas property, energy storage, and interconnection costs, and ease proposed aggregation rules for multiple properties.
Key Highlights of the Section 48 ITC Final Regulations
The regulations include the ITC for energy generation, energy storage technology, qualified biogas property and interconnection property. This Holland & Knight alert highlights key elements of the Final
Final regulations address eligible energy property for IRC Section 48
The Final Regulations answered taxpayer questions on the eligibility requirements for biogas and standalone energy storage. The Final Regulations also modify the prevailing wage and
Treasury and IRS Release Final Regulations on Section 48 Investment
First, the Final Regulations exclude equipment that transforms other forms of energy into heat in the first instance as an eligible component of thermal energy storage property (e.g., a
IRS Releases Final Energy Property Regulations Under Section 48
Key updates include modifications to the definition of qualified biogas property, rules for energy storage technology, energy property aggregation rules, and the application of prevailing wage
Final regulations on clean electricity production and investment
The U.S. Treasury Department and IRS on January 7, 2025, issued final regulations (T.D. 10024) related to the section 45Y clean electricity production credit and section 48E clean electricity investment credit for
Treasury and IRS Issue Final Regulations on Clean Electricity
The Treasury Department and IRS have issued final regulations on clean electricity production and investment tax credits, providing guidance on Sections 45Y and 48E following the
Publication 6045 (Rev. 2-2025)
For energy property or qualified facilities (or energy storage technology) with a maximum net output of not greater than 5 megawatts (as measured in alternating current), amounts paid or incurred by the taxpayer for
The State of Play for Energy Storage Tax Credits – Publications
This guidance has provided welcome clarity for sponsors, investors, lenders, credit buyers, equipment vendors, service providers, and tax credit insurance providers, allowing for the market for
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