• IRS Provides Guidance on Claiming Investment Tax Credits for Wind, Biomass, Geothermal and other Production Tax Credit Facilities
  • June 26, 2009 | Author: Jessica A. Graf
  • Law Firms: Greenberg Traurig, LLP - Boston Office; Greenberg Traurig, LLP - Miami Office
  • The American Recovery and Reinvestment Act of 2009 (ARRA) added two new and significant provisions relating to renewable energy facilities. The first provision permits a wide range of renewable energy facilities that qualify for the federal production tax credit (PTC) to claim the federal investment tax credit (ITC) in its place.