Wind Projects May Get Jump Start From Updated Tax Credit

Law360, New York (April 16, 2013, 7:32 PM EDT) -- The Internal Revenue Service on Monday clarified when it will consider a renewable energy project to have started and thus be eligible for certain tax credits that can span a decade, offering wind power developers a significant helping hand along with incentives to start construction now, experts say.

Per the new guidance, certain renewable energy projects will be eligible in 2014 for the production tax credit — or, in the alternative, the energy investment tax credit — if developers make significant physical construction work this year...
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