This is the first part of a Q&A series with members of the KLG team highlighting key areas in which renewable energy project developers encounter pitfalls that can end up delaying or derailing projects. /continue reading
Tag: Klavens Law Group
Availability of ITC for Energy Storage Retrofit of Solar Energy Systems
On March 2, 2018, the Internal Revenue Service (“IRS”) issued Private Letter Ruling 201809003 (the “PLR”) advising a homeowner that an energy storage retrofit of a residential solar energy system was eligible for the residential solar tax credit under Section 25D of the Internal Revenue Code (the “Code”). Not only is the PLR promising for homeowners who want to reap the benefits of adding storage devices to their solar energy systems, but it also could point the way towards the IRS's reaching a similar conclusion regarding eligibility for the Investment Tax Credit (“ITC”) under Section 48 of the Code for an energy storage retrofit of commercial solar projects. /continue reading
MA DPU SMART Order – 7 Highlights
On Wednesday, September 26, 2018, the Massachusetts Department of Public Utilities (“DPU”) issued its long anticipated Order DPU 17-140-A approving the SMART model tariff (the “SMART Order”).
Like everyone, we are still digesting the contents of the SMART Order but wanted to highlight some of the major issues: /continue reading