IRS Guidance Gives Wind Projects Another Year to Qualify for the PTC

Recharge: IRS PTC Guidance Helps US Wind Industry in 2015-16

US wind developers that started construction on projects prior to this year now have until the end of 2016 to place them in service to be eligible for the federal production tax credit, which Congress renewed last December before it lapsed at year end.

Under prior Internal Revenue Service (IRS) guidance, those projects had to be in service by the end of this year.

The three-page IRS ruling is favorable for the wind industry as it allows developers to qualify for the PTC without having to do so under …read more

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