New I.R.S. Rules for Large Wind and Solar Projects Released

The U.S. Internal Revenue Service (I.R.S.) has released new rules for large wind and solar projects, as the Trump administration has implemented various restrictions on renewable energy nationwide. The new guidelines aim to provide clarity on when developers can claim tax credits for their projects. This includes establishing deadlines for when construction must begin to qualify for the credits, as well as defining what constitutes "continuous construction" for projects that take multiple years to complete. The rules are seen as an effort to provide more certainty for the renewable energy industry, which has faced a challenging regulatory environment under the current administration. However, some experts argue that the new guidelines may still create hurdles for project developers seeking to access the valuable tax incentives. Overall, the I.R.S. move reflects the ongoing policy debate around the role of renewable energy in the United States and the future of federal support for these technologies.