IRS Issues Additional Guidance on Beginning of Construction Rules for Renewable Projects

Gale Chan, Heather Cooper, Bradford LaBonte, Martha Groves Pugh, Kevin Spencer and Philip Tingle wrote this bylined article on the latest IRS instruction to developers on how to meet the start of construction requirements for wind and other qualified renewable energy facilities, which the authors wrote “provides much-needed guidance” on starting construction and “useful clarity” on the scope of eligible property under the 80/20 Rule.