Selected Renewable Energy Guidance

A list of links and resources curated for renewable energy tax credit professionals

Selective Internal Revenue Code Sections

Internal Revenue Code Section 38 - General business credit

Internal Revenue Code Section 39- Carryback and carryforward of unused credits

Internal Revenue Code Section 45 - Electricity produced from certain renewable resources, etc.

Internal Revenue Code Section 46 - Amount of credit 

Internal Revenue Code Section 46 - Amount of credit (old)

Internal Revenue Code Section 47 - Certain dispositions of Section 38 property (old)

Internal Revenue Code Section 48 - Energy credit 

Internal Revenue Code Section 50 - Other special rules

Internal Revenue Code Section 168 - Acceleraed cost recovery system

Internal Revenue Code Section 263A - Capitalization of and inclusion in inventory cost of certain expenses

Internal Revenue Code Section 465- Deductions limited to amount of risk

Internal Revenue Code Section 469- Passive activity losses and credits limited

 

Selective Treasury Regulations

Treas. Reg. §1.46-1 - Determination of amount

Treas. Reg. §1.46-2 - Carryback and carryover of unused credit

Treas. Reg. §1.46-3 - Qualified investment

Treas. Reg. §1.46-4 - Limitations with respect to certain persons

Treas. Reg. §1.46-5 - Qualified progress expenditures

Treas. Reg. §1.47-1 - Recomputation of credit allowed by Section 38

Treas. Reg. §1.47-2 - Disposition and cessation

Treas. Reg. §1.47-3 - Exceptions to the application of §1.47-1

Treas. Reg. §1.47-6 - Partnerships

Treas. Reg. §1.48-1 - Definition of Section 38 property

Treas. Reg. §1.48-2 - New Section 38 property

Treas. Reg. §1.48-4 - Election of lessor of new Section 38 property to treat lessee as purchaser

Treas. Reg. §1.48-9 - Definition of energy property

 

Selective Structruing Guidance

Revenue Procedure 2001-28 - Leveraged Lease Transactions

Revenue Procedure 2007-65 - Safe Harbor in Allocating Wind Energy Production Tax Credits

Rev. Proc. 2014-12 - Safe Harbor for Partnership Allocations

 

Selective IRS Notices

Notice 2009-52 - Election of Investment Tax Credit in Lieu of Production Tax Credit; Coordination with Department of Treasury Grants for Specified Energy Property in Lieu of Tax Credits

Notice 2013-29 - Beginning of Construction for Purposes of the Renewable Electricity Production Tax Credit and Energy Investment Tax Credit

Notice 2013-60 - Clarification of Notice 2013-29; Part III - Administrative, Procedural, and Miscellaneous

Notice 2014-46 - Clarification and Modification of Notice 2013-29 and Notice 2013-60

Notice 2015-25 - Beginning of Construction for Sections 45 and 48

 

Selective Private Letter Rulings

PLR 198651050 - 704(b) Reallocation and Tax Credit Recapture

PLR 198931001 - Investment Tax Credit - Partnership Allocations

PLR 200334031- Renewable Energy Production Tax Credit Placed in Service

PLR 20033401 - Wind Turbine Generator "Placed in Service" for PTC and Deprection under Sections 167 and 168 

PLR 201142005 - Storage Device Considered Part of "Qualified Property" at "Qualified Investment Credit Facility" Within the <eaning of §48(a)(5)

PLR 201205005 - Electricity Produced from Certain Renewable Sources; Date Property Placed in Service

PLR 201208005 - Transfer tax consequences of disclaimers of interests in property

PLR 201208035 - Investment Credit Claimed on a Storage Device will be Subject to Recapture

PLR 201311003 - Certain Circumstances Will not Prevent the Project from Being Placed in Service in Year 1 for Purposes of IRC Sections 45, 167 and 168 

PLR 201444025 - Response to a Request for Ruling Concerning Solar Energy Systems Operations

PLR 201510038 - Whether Offshore Wind Farm is not Used Predominantly Outside of the United States within the Meaning of IRC Section 168(g)(1)(A)

 

Section 1603 Treasury Grant Guidance

Guidance

Frequently Asked Questions: "Beginning of Construction" (Dec. 12, 2011)

Frequently Asked Questions (April 13, 2011)

Evaluating Cost Basis for Solar Photovoltaic Property (June 30, 2011)