Federal Judge Vacates IRS Guidance Restricting Tax Credits for Wind and Solar Projects
A baker's-dozen of insight crammed into one ring.
Summary
A federal judge struck down IRS guidance that restricted tax credits for wind and solar projects by altering the "begins construction" standard. The ruling vacated IRS Notice that had singled out renewable energy projects, marking a legal win for energy affordability and the clean energy industry ahead of tax credit expiration deadlines.
Key quotes
· 3 pulledIn a win for energy affordability, a federal judge struck down the Internal Revenue Service's (IRS) guidance that unfairly and illegally restricted tax credits for wind and solar projects.
The IRS had singled out solar and wind projects, altering the standard for when a wind or solar project 'begins construction'—the critical date for determining whether the project qualifies for federal tax credits.
A federal judge vacated the IRS guidance (or Notice) that altered the standard for when a wind or solar project 'begins construction.'
You might also wanna read
Court Orders Restart of US Offshore Wind Construction After Rejecting Security Concerns
A court has ordered the restart of all US offshore wind construction after judges reviewed a classified report used to justify halting const
arstechnica.com·4mo ago
Federal Judge Allows $5 Billion Offshore Wind Project to Resume After Trump Administration Halt
A federal judge has overturned the Trump administration's halt on the Revolution Wind offshore wind project, allowing the nearly complete $5
apnews.com·8mo ago
USDA Ends Funding for Wind and Solar Energy Projects on Farmland
The U.S. Department of Agriculture announced it will stop funding wind and solar energy projects on American farmland, continuing the Trump
insideclimatenews.org·9mo ago
US Government Pauses All Offshore Wind Construction Projects Citing Classified Defense Report
The US Department of the Interior has paused leases on all five offshore wind projects currently under construction, despite significant har
arstechnica.com·5mo ago
Global Renewable Energy Adoption Continues Despite U.S. Policy Shifts
This article contrasts the declining support for renewable energy in the United States under the Trump administration with the global trend
thebulletin.org·8mo ago
Trump Administration Halts Construction of Nearly Complete Rhode Island Wind Farm Citing National Security
The Trump administration has ordered an immediate halt to construction of the nearly completed Revolution Wind farm off the coast of Rhode I
npr.org·9mo ago