Renewable energy continues to be an active area for tax planning
following the legislative extension in late 2014 of the federal tax
credits for wind, solar and other renewable projects. Since 2013,
there has also been increased interest in the securitization of
revenue streams from solar portfolios. Although the future
availability of these tax incentives remains uncertain, there are
still many tax-planning opportunities in the renewables market for
developers and investors.
Impact of 2014 Extenders Bill on Wind Projects
After several failed attempts to enact a two-year extension
package, on December 16, 2014, Congress settled on a bill that
retroactively extended for one year most of the federal tax code
provisions that were otherwise set to expire. The final extenders
bill, H.R. 5771, included one-year extensions for the Section 45
production tax credit (PTC) and the Section 48 elective investment
tax credit (ITC) for wind and other renewable projects,
