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Treasury Department Announces Additional Guidance And Timetable To Allocate $4 Billion In Qualifying Advanced Energy Project Credits - Renewables

On May 31, 2023, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued Notice 2023-44 (May 31 Notice) providing additional details for applicants.

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Treasury Department Announces Additional Guidance and Timetable to Allocate $4 Billion in Qualifying Advanced Energy Project Credits | Pillsbury Winthrop Shaw Pittman LLP

The application cycle for the first round of credits will soon open. Treasury’s additional guidance clarifies what types of facilities may qualify for credits, the submission process.

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