New Green Energy Investment Credit Rules Issued by Treasury (1)

The Treasury Department published new proposed rules on investment credits for green energy projects Friday, boosting clarity for investors considering financing such projects.

The proposed rules (RIN 1545-BO40) update the types of energy property eligible for credits, including transfer equipment such as subsea export cables used in offshore wind projects and power conditioning equipment such as those used in onshore substations. It also proposed rules for eligibility of standalone battery storage for investment tax credits.

The agency also proposed new rules for functionally interdependent components, application of the “80/20 Rule” to retrofitted energy property, property eligible for ...