IRS Releases Clean Energy Investment Tax Credit

The agency publishes guidance documenting details for investors.

The Internal Revenue Service (IRS) has released guidance that outlines the requirements for receipt of the clean energy tax credit. The updated guidance modifies and clarifies a number of terms for investors looking to receive tax credits for clean energy purchases, including those for utility-scale wind power, solar power, and long-duration energy storage.

“Today’s guidance provides clarity for offshore wind and battery storage projects, as well as small-scale projects that need to connect to the grid,” said Deputy Secretary of the Treasury Wally Adeyemo. “Ensuring these projects can move forward efficiently is key to creating good-paying clean energy jobs and lowering Americans’ utility bills.” 

As the Lord Leads, Pray with Us…

  • That the Lord would guide Secretary Yellen as she heads the Treasury Department.
  • For Deputy Secretary Adeyemo to be prudent as he provides clean energy tax credit guidance.

Sources: Department of the Treasury

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