Atheva’s Post

What projects are eligible for the qualified advanced energy project credit? Find out in our Q&A blog post on Section 48C. #Section48C #IRA #cleanenergy https://hubs.ly/Q02BJY5d0

What projects are eligible for the qualified advanced energy project credit? Find out in our Q&A blog post on Section 48C. #Section48C #IRA #cleanenergy https://hubs.ly/Q02y-M350

📢 Last week the U.S. Department of Energy (DOE) released details for 35 projects across 20 states that received a total of $1.93 billion in allocations of the Section 48C credit (*voluntarily self-disclosed information)!! 48C is a competitive tax credit funded through the #IRA designed to accelerate #cleanenergy #manufacturing projects and #decarbonizing #industrial facilities. Treasury and IRS anticipate issuing guidance for the second round of the 48C program in the coming weeks, with a submission window for required concept papers anticipated to open by this summer...That's #billions in opportunity just around the corner for clean energy, clean vehicle manufacturing, grid components, critical minerals and materials, industrial decarbonization, and more. The 1st round application process was highly competitive and Boundary Stone Partners is proud to share that: ➡ BSP clients were 6X more likely to be selected ✅ ➡ BSP clients represent $370 million - or nearly 10% - of total allocations 💰 ➡ BSP supported successful applications across all three topic areas, spanning from first-of-a-kind manufacturing facilities to retrofit projects at existing industrial facilities 🏗 🏭 Reach out to me directly or BSP (48C@boundarystone.com) to get started and to learn how we can help position your clean energy project for success! Full list of Applicant Self-Disclosed 48C Projects: https://lnkd.in/gqS6FEdM DOE press release on 48C: https://lnkd.in/gxhy-4bM

The second round of allocations for advanced energy project credits focuses on enhancing U.S. energy resilience and supporting the domestic manufacturing of clean energy tech. With $6 billion available under this program, are you eligible for these credits? If you're unsure, consult with our team at Bennett Thrasher. We will help identify available tax-saving opportunities at no charge, allowing you to see the potential benefits before pursuing a particular tax credit or incentive. #TaxCredits #IRS #EnergyProjectCredits #ComplimentaryAssessments https://lnkd.in/e2KNN8Ru

IRS provides guidance for the 2024 allocation round for the Qualifying Advanced Energy Project Credit Program Read now for details ➡️ https://hubs.ly/Q02wsGDc0 #IRS #advancedenergyproject

Guidance Issued on Tech-Neutral PTC and ITC Gives Equal Measures of Needed Certainty and Items Still in Development   The Treasury Department released proposed regulations on May 29 outlining the first guidance on the new technology-neutral PTC and ITC provided by the Inflation Reduction Act. These credits, under sections 45Y and 48E of the tax code, become the operative law on January 1, 2025. Instead of focusing on specific qualifying technologies they focus on granting credits to electricity generation that produces zero greenhouse gas emissions. As expected, these proposed regulations bring continuity by maintaining tax credit eligibility for renewable energy projects in wind, solar, hydroelectric and geothermal power and in storage. This confirmation means that well-understood transactions akin to those used under existing sections 45 (PTC) and 48 (ITC) may continue to be used by investors, sponsors and developers. This heralds an easy transition and continued renewables industry growth under this new tax incentive regime. Additionally, the proposed regulations added some definite guidance including nuclear power as a qualified zero-carbon technology for tax credits, marking a significant development. However, many open questions remain under sections 45Y and 48E for types of projects that are not specifically identified and for those projects that previously qualified, like combined heat and power facilities. The proposed regulations provide some direction on how the government will determine the emission rates for those facilities which are not specifically enumerated, but key areas need clarification such as criteria for emissions analysis, evaluation guidelines for emerging technologies, and the precise implementation timeline and compliance requirements. Tax credit insurance can offer certainty in these and similar scenarios. If you have any questions or would like to discuss further, please reach out to me or any Aon Transaction Solutions team member. https://lnkd.in/gD-MPK8g #energytransformation #energytransition #renewables #renewableenergy #energy #generation #IRA #credit #ITC #PTC #projectfinance #risk #riskmanagement #insurance

New guidance from the IRS provides relief to taxpayers attempting to comply with the domestic sourcing requirements through a New Elective Safe Harbor. This safe harbor sets cost percentages (obtained from the Department of Energy) for purposes of calculating the domestic cost percentage and satisfying the adjusted percentage rules for manufactured products. Thank you to our Keith Phillis and Michael Raposa for sharing the details in our latest DE Insight. #renewableenergy #renewableenergyprojects #wind #solar #irs #DEinsight

🌟 Exciting News from Channel JEPA! 🌟 We're thrilled to announce that our company is now offering Energy Performance Certificates (EPCs)! With upcoming regulations in 2026, it will become mandatory for every property to have a valid EPC at the point of sale or rental. 🔍 What does this mean for you? - An EPC is valid for 10 years. - Currently, there's a government grant available that subsidises the cost of obtaining an EPC. But hurry – this offer ends in February! - After the grant ends, homeowners will be responsible for the full cost. ⏰ Why act now? - The process is quick, taking just about 2 minutes. - By applying now, you can save money and avoid future cost increases. - No property will be able to be sold or rented out to new tenants without a valid EPC, and the cost is expected to rise. 🌱 By choosing Channel JEPA for your EPC needs, you're not only complying with future laws but also supporting a new local business. Plus, you're contributing to a more energy-efficient future! 📝 Ready to get started? Check out our application form for the grant wise choice for your property and the environment! Once you have been given the green light for your EPC/JEPA, please get in contact with us straight away, and we will book this in for you. info@channeljepa.co.uk 07797 855366 #JEPA #epc #jerseyci #greenenergy #sustainability #sustainable #localbusiness #getinvolved #climatechange #doyourpart

Total Installed Interconnected Capacity (MW) as at June 2024 : 3,199.9* Total Effective Interconnected Capacity (MW) as at June 2024 : 3,051.7* Firm Capacity (KPLC, October 2024, MW) : 2,444 Recorded System Peak Demand (MW) : 2,288.38 as at 29.10.2024 Reserve Margin (MW) - referred to available/firm capacity : 155.2, 6.8% Even correcting for capacity credit parameters for wind, the figure is still low. Considering the International Energy Agency (IEA) recommendation of 20-30% and the sweet spot of 15% in most jurisdictions. Kenya Power reports that the last 4 recorded peak demands were concurrent with load management of up to 60MW. These figures leave us with the option of formalizing the auctions policy or lifting the moratorium on PPAs and following the necessary negotiations, prioritising new generation as per the Least Cost Power Development Plan. This should unlock in excess of 250MW by 2027. https://lnkd.in/dX5a2iW8

We have applied to the Ontario Energy Board for an amendment to the IESO’s licence. Learn more. Have your say. https://lnkd.in/gyJqVKBa   The amendment includes several proposed changes, including the addition of a formal definition for “Market Rule Amendment Proposal” updating the name of the “Stakeholder Advisory Committee” to the “Strategic Advisory Committee” and streamlining the filing requirements for a review of a Market Rule Amendment to create a more efficient and timely review process.