Basis Climate has closed its smallest IRA transferable tax credit deal to date, marking the end of an era dominated by million-dollar minimum tax credit transactions.
Taxpayers seeking to claim the highest available investment and/or production tax credits for renewable energy projects must comply with the prevailing wage and apprenticeship requirements.
Owned by Unimacts and located near Las Vegas, this factory will produce steel components exclusively for Nextracker, bringing the tracker specialist’s annual domestic solar tracker capacity to over 30 GW.
The brownfield credit is significant and, therefore, it behooves a project developer to understand the definitions and rules in order to avoid any potential liability while also qualifying for the credit.
Also on the rise: Technology-neutral proposed tax credit called ‘game-changing policy’. Less than 3% of farmland could power the Midwest. And more.
The key to ensuring expected financial returns from the IRA comes down to a single word: compliance, and tax credit compliance is fraught with risk and complex to manage.
The U.S. aims for a domestic solar supply chain, but the industry’s capacity to serve the early stages in solar manufacturing are minimal. Will its recent industrial policy efforts make a difference?
A Wood Mackenzie report that a Republican victory in 2024 presidential election could put $1 trillion energy investment on the line and put pressure on states to step up.
With the Heliene supply agreement in place, UGE is projected to begin qualifying for the domestic content adder on projects that start construction as early as this summer.
Also on the rise: Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees. Improving transmission planning. And more.
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