IRS Private Guidance Provides Insight on Placed-in-Service Requirements for Wind Projects

February 2012

Overview

On February 3, 2012, the Internal Revenue Service released a private letter ruling regarding circumstances affecting the placed-in-service date of a wind turbine generator project, for both depreciation under IRC sections 167 and 168 and the production tax credit under IRC section 45. As developers work towards the December 31st deadline to complete wind energy projects under current law, the guidance may provide comfort to renewable energy project developers concerned about potential delays in grid interconnection that are outside their control.

Return to Tax research and insights 
Alternative & Renewable Energy Tax Newsalert archive

Contact us

Matthew Haskins
US Sustainable Business Solutions tax leader
Tel: +1 (202) 414 1570
Email

Stuart Finkel
TPDG leader
Tel: +1 (646) 471 0616
Email

Courtney Sandifer
Director
Tel: +1 (202) 414 1315
Email

Follow us