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Renewable Energy Tax Credits News Briefs - September 2015

On July 13, the Internal Revenue Service (IRS) released Notice 2015-51, which modifies the January 2015 Notice 2015-4. The notice provides performance and quality standards that small wind energy property must meet to qualify for the production tax credit (PTC) and the investment tax credit (ITC). The new notice provides an effective date for certain qualifying property. Both notices are available at


The Tribal Tax Incentive for Renewable Energy Act of 2015 (S. 1749 and H.R. 3043) was introduced in both houses of Congress July 13. The bills amend the Internal Revenue Code of 1986 to allow allocation of certain renewable energy tax credits (RETCs) to Indian tribes. Tribes would be allowed to transfer or sell the credits to another taxpayer. Tribes would have direct access to the same 30 percent credit as nontribal businesses, and the bills would apply to facilities placed in service on or after the date of enactment. S. 1749 and H.R. 3043 are available at


On July 9, Sens. Tom Carper, D-Del., and Susan Collins, R-Maine, introduced the Incentivizing Offshore Wind Power Act (S. 1736). The bill would amend the Internal Revenue Code of 1986 to provide an ITC related to the production of electricity from offshore wind. The ITC would be redeemable for the first 3,000 MW of offshore wind facilities placed into service, totaling approximately 600 wind turbines. At press time, S. 1736 was referred to the Committee on Finance and awaiting action.


The Solar Energy Industries Association (SEIA) announced July 27 the addition of Mike Mendelsohn as senior director of project finance and capital markets. Before joining SEIA, Mendelsohn was a senior financial analyst for the National Renewable Energy Laboratory (NREL). Before that, Mendelsohn worked on a variety of solar, utility, fuel and policy-related issues for Levitan & Associates Inc., the Massachusetts Department of Public Utilities and Western Resource Advocates.


On June 29, 45 Senate Democrats released a letter to all 50 governors requesting input on a new, national energy policy. The letter begins with the lawmakers asking the governors to invest in clean energy, empower consumers, modernize infrastructure, cut pollution and waste, and invest in research and development. The senators close the letter by stating that foundational investments in the research and development must continue to be made to ensure U.S. businesses will successfully compete in growing global markets for new energy products and services. The letter is available at

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Renewable Energy Tax Credits



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