10th Circ. Affirms Solar Energy Tax Credit Scheme Owes $50M

Law360 (June 2, 2020, 9:24 PM EDT) -- A Tenth Circuit panel affirmed a $50 million disgorgement order Tuesday for a solar energy company to return profits from promoting an abusive tax scheme that leased useless solar lenses to companies so they could claim solar energy tax write-offs.

The three-judge panel affirmed that solar energy property sold by RaPower-3 LLC and others was not eligible for energy tax credits, upholding a lower court's disgorgement order to return $50 million made from an underlying tax scheme marketing the selling of ineligible property for tax credits and deductions. The court also cited what it called ample evidence in affirming the lower court's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!