Clean energy tax credit investors may put more demands on developers before financially backing projects, in an effort to ensure the projects meet new, stricter guidance from the Trump administration.
The Treasury Department and IRS issued guidance Aug. 15 on what is considered beginning construction for clean energy projects to qualify for the clean electricity investment and production credits. The guidance is part of the Trump administration's effort to strictly enforce the end of the credits for wind and solar projects in the GOP tax law enacted in July.
The IRS notice generally nixes a prior guideline that allowed developers ...