Complete report on extended US renewable energy tax credits available

December 27, 2015 |

In Washington, Kilpatrick Townsend & Stockton said that new tax incentives approved in end-of-year US tax legislation will “are about to drive a tremendous renewables transactions push for at least the next 5 years.” In a research note, the firm highlighted: Production Tax Credits — Extension for Qualifying Wind Facilities through 2019, and Extension for Other Renewable Energy Facilities through 2016 including closed loop biomass facilities, open loop biomass facilities, geothermal facilities, landfill gas facilities, trash facilities, qualified hydropower facilities and marine and hydrokinetic renewable energy facilities. The 30% investment tax credit election in lieu of the PTC is also preserved for these qualifying renewable energy facilities through 2016.

Also the firm highlighted extension of the Investment Tax Credit for Qualifying Solar Facilities, the Nonbusiness Energy Tax Credit of 10% of the qualified energy expenditures up to a lifetime cap of $500, the Second Generation Biofuel Producer Credit of $1.01 per gallon was extended through December 31, 2016, renewal of the Biodiesel and Renewable Diesel tax credits and the New Markets Tax Credit of 39%.

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Category: Policy

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