Taxes

What taxes are required for wind power generation

The federal government provides tax credits for investments in energy sources that generate electricity without emitting carbon dioxide in the process. . The IRS issued new guidance for wind and solar energy projects, changing how they qualify for energy tax credits. Projects must now show significant physical work started before July 5, 2026. These incentives raise tax planning issues that go well beyond those involved in general structuring, choice-of-entity, and other. . The Inflation Reduction Act of 2022 (“IRA”) makes several clean energy tax credits available to businesses. [PDF Version]