(l-r) Christopher Jones, Katie Leesman and Lea Phillips of Ballard Spahr. Courtesy photos Brownfield Qualification for the Energy Community Tax Credit
With additional tax credit value available to energy projects under the Inflation Reduction Act, renewable energy companies should closely evaluate their project locations—particularly those projects that may be located in a "brownfield area," given the recent changes in law related to emerging contaminants perfluorooctanoic acid (PFOA) and perfluorooctanesulfonic acid (PFOS), and certain "bonus credits" available to projects in those locations.
July 23, 2024 at 08:00 AM
7 minute read
Special Sections
With additional tax credit value available to energy projects under the Inflation Reduction Act, renewable energy companies should closely evaluate their project locations—particularly those projects that may be located in a "brownfield area," given the recent changes in law related to emerging contaminants perfluorooctanoic acid (PFOA) and perfluorooctanesulfonic acid (PFOS), and certain "bonus credits" available to projects in those locations.
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