"US Treasury and IRS provide guidance to boost renewable energy investment and tax credits"

The US Treasury Department has issued new guidance that will enable the development of a range of renewable energy projects that previously had been too onerous from a tax perspective to tackle. The changes could pave the way for hundreds of billions of dollars worth of investment in the coming decade. The guidance around direct payments would allow tax-exempt organizations to put rooftop solar panels on schools, churches and temples. The bigger news is the guidance around transferability of tax credits, which could eliminate the need for complex and expensive tax equity deals.