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The United States is set to add a total of 8.6 gigawatts (GW) of natural gas-fired electric generating capacity in 2023, more than the gas-fired additions in 2022 and 2021
IRS Notice 2023-29 (the “Notice”) provides initial guidance on “energy community” tax credit bonuses. The Notice describes certain relevant rules and concepts that the Treasury and IRS...
On April 4, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a notice of intent to issue proposed regulations on qualifying for the energy community bonus credit...
On April 4, 2023, the Internal Revenue Service and the Department of the Treasury published Notice 2023-29, Energy Community Bonus Credit Amounts under the Inflation Reduction Act of 2022.
Summary - On April 4, 2023, the Department of the Treasury and the Internal Revenue Service (IRS) released guidance on the “energy community” tax credit adders (EC Adders...