"New Rules and Guidance Drive Clean Energy Investments in the U.S."

The U.S. Department of the Treasury and IRS have released guidance on the Investment Tax Credit (ITC) to drive clean energy investments. The guidance provides clarity and certainty for companies planning clean energy projects, including offshore wind, battery storage, and small-scale projects connecting to the grid. The proposed rules also address eligibility for power conditioning equipment, interconnection-related property costs, and technical definitions. The Treasury and IRS will accept comments on the proposed rules for 60 days.