September 2023
Internal Revenue Service's Energy Community Bonus Guidance Provides Welcome Clarity
Pratt's Energy Law Report
A team of Holland & Knight energy and tax attorneys published an article in Pratt's Energy Law Report on the IRS' recently issued guidance on the energy community bonus credit under Internal Revenue Code Sections 45, 48, 45Y and 48E. The bonus increases the value of a credit by 10 percent for projects located in an energy community, and the guidance addresses bonus eligibility, energy community categories and rules for projects located only partially in energy communities. In this article, the authors take a deep dive into the guidance and what it means for project developers and participants.
READ: Internal Revenue Service's Energy Community Bonus Guidance Provides Welcome Clarity