In February of this year, it was high time for me to buy a new car. I had driven the same car since 2008, and getting this-or-that replaced was costing more and more every year. As a first-time car buyer,
Renewable Energy Outlook
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Preliminary Determination of Circumvention Regarding Solar Energy Products from SE Asia
On December 8, 2022, the U.S. Department of Commerce (“USDOC”) published its preliminary determination that certain manufacturers of solar energy products1 in Malaysia, Vietnam, Thailand, and Cambodia that rely on Chinese-origin inputs are circumventing U.S. antidumping and countervailing duties relating to…
Prevailing Wage and Apprenticeship Guidance for ITC and PTC
On November 30, 2022, the Department of the Treasury and the Internal Revenue Service published Notice 2022-61 (the “Guidance”) describing how to satisfy certain prevailing wage and apprenticeship requirements (the “PWA Requirements”) for purposes of obtaining the full credit amounts…
Mexico Announced Aggressive Renewable Energy Targets during COP27
In the middle of the consultations with the Mexican government regarding Mexico’s energy policy under the USMCA and the legal fight the private sector is facing against the legislative and administrative measures the Mexican government has implemented in Andres Manuel…
New Jersey BPU Releases Straw Proposal for Standalone Storage Incentive Program
There has been much (deserved) discussion on federal standalone energy storage incentives passed in the Inflation Reduction Act, but a new state-level incentive is taking shape in New Jersey. Yesterday, the New Jersey Board of Public Utilities (“BPU”) released its…
Basics of QSBS and its Application to the Energy Sector
By Raj Tanden & Jacob I. Davis
One of the lesser-known yet very beneficial provisions of the Internal Revenue Code (the Code) relating to business investment is Section 1202.1 Originally passed in 1993 and amended several times over the years, Section 1202 currently allows for an exclusion of…
What’s Next for the ITC and PTC Following the Inflation Reduction Act
The Inflation Reduction Act is now the law of the land, and it has fundamentally changed the landscape for clean energy in the United States. No longer simply providing a date change, Congress has extended energy tax credits like the…
EV Charging Station Tax Credits are Back: Inflation Reduction Act Extension of the Section 30C Tax Credit
After having expired at the end of 2021, the Internal Revenue Code Section 30C tax credit for electric vehicle charging stations is back. Technically referred to as the “Alternative Fuel Vehicle Refueling Property Credit”, the Section 30C tax credit will…
Cybersecurity Issues Affecting the Energy Industry
No longer the stuff of Hollywood hypotheticals, cybersecurity threats are a daily reality and challenge for energy companies building solar, wind, battery and transmission projects communicating in an increasingly dynamic, interactive energy grid. But are we keeping pace with those…
The Inflation Reduction Act: Key Provisions Regarding the ITC and PTC
Earlier today, the House of Representatives passed the Inflation Reduction Act of 2022 (the “Act”), which the Senate passed on August 7, 2022. President Biden has indicated that he will sign the Act into law.
The Act substantially changes and…