Tag Archives: production tax credit

IRS Releases 2017 PTC Amounts

U.S. Department of Commerce Sets Stage for New Countervailing Duties on Chinese Solar Panels
The IRS just published its annual notice that provides the inflation adjustment factors and reference prices used in determining the amount of the section 45 production tax credit (PTC) for the production of renewable energy and refined coal. The credit for the production of renewable energy from wind, closed-loop biomass and geothermal facilities is 2.4 … Continue reading this entry

IRS Updates Notice 2013-29 ("Begun Construction" Guidance)

On April 25, 2013, the IRS updated Notice 2013-29 to clarify the original guidance issued on April 15, 2013. Notice 2013-29 provides guidance regarding the eligibility requirements for the production tax credit (PTC) and investment tax credit (ITC) for certain renewable and alternative energy facilities. Click here to view Notice 2013-29 as revised. You can also take … Continue reading this entry

IRS Releases "Begun Construction" Guidance for PTC and ITC Eligibility

It’s official! On “tax day” (April 15, 2013), the IRS released Notice 2013-29 (revised on April 25) providing guidance regarding whether a “qualified facility” will be eligible for the renewable electricity production tax credit (PTC) under section 45 of the Tax Code or the energy investment tax credit (ITC) under section 48 in lieu of the … Continue reading this entry

PTC Amount Increased for 2013

In a notice released on April 3, 2013, the IRS increased the 2013 amount of the Section 45(a) production tax credit (PTC) for the sale of electricity produced from the qualified energy resources of wind, closed-loop biomass, geothermal energy, and solar energy to 2.3 cents per kilowatt-hour. This is an increase over the 2.2 cents … Continue reading this entry