US releases final rules for implementation of Sect
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Posted On: 12/07/2024 9:21:44 AM
US releases final rules for implementation of Section 48 Investment Tax Credit
The US Department of the Treasury and Internal Revenue Service (IRS) have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC) in the US renewable power space.
The ITC allows investors to receive a tax credit of around 30% of the cost of a renewable energy project in which they have invested. The rules are largely in line with the proposed rules issued in November 2023, and form a key part of the US’ push for greater clean energy investment. Lawmakers expect the new laws to come into effect on 12 December, the day that the Treasury’s latest rules document is to be published in the Federal Register.
https://www.pv-tech.org/us-releases-final-rul...ax-credit/
icymi
The US Department of the Treasury and Internal Revenue Service (IRS) have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC) in the US renewable power space.
The ITC allows investors to receive a tax credit of around 30% of the cost of a renewable energy project in which they have invested. The rules are largely in line with the proposed rules issued in November 2023, and form a key part of the US’ push for greater clean energy investment. Lawmakers expect the new laws to come into effect on 12 December, the day that the Treasury’s latest rules document is to be published in the Federal Register.
https://www.pv-tech.org/us-releases-final-rul...ax-credit/
icymi
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