IRS issues new proposals for IRA renewables tax credits


The proposed regulations would apply to projects placed in service after 2024. Image: Lightsource BP.

The US government has proposed new regulations regarding tax credits for the owners of renewable energy and energy storage facilities eligible for support under the Inflation Reduction Act (IRA).

The proposed regulations, issued by the Department of the Treasury and the Internal Revenue Service (IRS), would apply to projects placed in service after 2024 and encompass both the Production Tax Credit (PTC) and Investment Tax Credit (ITC) facilities under the IRA.

(The above content is reproduced from pv-tech,By Will Norman)


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