The IRS on June 15, 2023, updated its energy community bonus guidance by issuing Notice 2023-45 and Notice 2023-47. The IRS also recently issued energy community bonus guidance in Notice 2023-29. (For a summary of Notice 2023-29, see Holland & Knight’s previous alert, " IRS Energy Community Bonus Guidance Provides Welcome Clarity ," April 7, 2023.) The additional notices provide the following: Clarification of the safe harbor rule for projects with a nameplate capacity of not greater than 5 megawatts (MW) of alternating current (AC), which treats such projects as brownfield sites if an ASTM E1527 Phase I Environmental […]

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By Donato