Recent News

Monday, November 16, 2020

A private letter ruling (PLR) from the Internal Revenue Service (IRS) states that a company is not a public utility company, since it provides a percentage of renewable energy generated through long-term solar energy service agreements for solar photovoltaic systems on the customer’s premises that are owned by the company.

Friday, November 13, 2020

A bipartisan bill introduced Thursday in the House of Representatives would make the renewable energy investment tax credit (ITC) temporarily refundable for projects that break ground by the end of 2021 and would extend the ITC phasedown by one year. The Solar Jobs Preservation Act of 2020, sponsored by Rep. Mike Levin, D-Calif., and Rep. Dave Schweikert, R-Ariz., is intended to offset the effects of the COVID-19 pandemic on solar development.

Thursday, October 29, 2020

The South Carolina Administrative Law Court granted a motion by the state’s department of revenue for a summary judgment to deny a capital investment tax credit to an energy company. In Duke Energy Corp. vs. S.C. Department of Revenue, the taxpayer challenged the state’s ruling that the capital investment tax had a $5 million lifetime limit, claiming the limit was $5 million per year.

Tuesday, October 13, 2020

Rep. Salud Carbajal, D-Calif., introduced legislation to create and expand renewable energy tax credits. The Energy Opportunity Zones Act of 2020 would designate regions within 120 miles of a coal power plant that has ceased operations or a nuclear power plant that has ceased operations or is scheduled to do so within six years of the enactment of the legislation as energy opportunity zones.

Thursday, October 8, 2020

Rep. Roger Williams, R-Texas, introduced a bill this week to make permanent Internal Revenue Code Section 179D, which offsets the energy-efficient components and systems for commercial property, including multifamily affordable housing buildings. The Incentivizing Energy-Saving Improvement Act (H.R. 8547) would eliminate the current expiration date of Dec.

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