Energy Groups Urge IRS to Broaden Domestic Content Safe Harbor

Energy groups are asking the IRS to expand the types of technologies that are eligible for a safe harbor under the domestic content bonus credit.

The Treasury Department and IRS issued guidance in May establishing the safe harbor, which allows developers to use a default cost percentages calculation determined by the Department of Energy instead of getting that information from supplier who are reluctant to share that sensitive business information with customers. Comments on the guidance were due July 15.

The American Biomass Energy Association requestedthat biomass and waste-to-energy power, among other energy production techniques, be included in ...