Wind

NVEnergy WindGenerations State Rebate

The WindGenerations Program offers one-time cash incentives for wind generating systems installed by NV Energy customers in Nevada. Qualified customers are eligible to receive the incentive upon completion of the project in compliance with utility standards and...

Qualified Energy Conservation Bonds

The Qualified Energy Conservation Bond limitation has been increased to $3.2 billion from the $800 million authorized in the Emergency Economic Stabilization Act of 2008.  These bonds may be used by state, local, and tribal governments to finance certain types of...

Clean Renewable Energy Bonds

Under the Clean Renewable Energy Bonds (“CREBs”) program, facilities that generate electricity from eligible renewable energy facilities, including wind energy, can take advantage of project-specific bonds issued by state, local, or tribal governments and electricity...

Advanced Energy Facilities Investment Credit

ARRA creates a new 30% tax credit for investment in property used in a “qualified advanced energy manufacturing project,” i.e., a project which establishes, re-equips, or expands a manufacturing facility that produces products used in the production of energy from...

Extension of Bonus Depreciation to 2009

ARRA extends first-year bonus depreciation for qualifying equipment placed in service in 2009, allowing the project owner to recover the costs of capital expenditures faster than the regular depreciation schedule.  Under the bonus depreciation rule, an owner of...

Small Wind Investment Tax Credit

ARRA repeals the dollar caps on the small wind ITC established by the Emergency Economic Stabilization Act of 2008, enabling eligible homeowners and businesses to claim a full 30% ITC for a qualifying small wind energy property.    Benson, David, Greg Jenner, and...

Grant in Lieu of ITC

To help monetize the ITC, ARRA enables taxpayers (that are otherwise eligible to claim the ITC) to elect to receive a cash grant from the U.S. Treasury Department instead of claiming the ITC.  To qualify, the project must be placed in service during 2009 or 2010 or,...

Election to Claim ITC Rather Than PTC

ARRA allows a taxpayer that is eligible to claim the PTC for a wind energy project to claim an investment-based tax credit (“ITC”) in lieu of the PTC.  This election can apply to wind energy facilities that are placed in service from January 1, 2009 to January 1,...

PTC Incentive – Wind

Extension of PTC Sunset Date.  ARRA extends the production tax credit (“PTC”) for wind energy projects from December 31, 2009 through December 31, 2012.  To qualify for the PTC under the Act, a wind energy project must be “placed in service” on or before that date. ...