Tax Credit Eligibility Boost Puts Wind In Developers' Sails

Law360, New York (May 10, 2016, 6:12 PM EDT) -- The Internal Revenue Service's recent doubling of the time clean energy developers have to complete projects in order to qualify for the renewable production tax credit lowers risks for both developers and investors, and will translate to more green projects being launched and completed, experts say.

With Congress enacting a multiyear extension of the PTC in December as part of a $1.15 trillion budget deal, the IRS issued updated eligibility guidance for the tax credit last week. The centerpiece of the updated guidance was extending the so-called continuity safe harbor from two years to four years. It's the time window developers...

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