In our previous alert, we provided an overview of the Internal Revenue Code (IRC) Sections 45 and 48. The United States IRC allows production or investment tax credits for taxpayers using wind to produce electricity or for placing wind energy property in service. The availability and amount of the production tax credit (PTC) or the investment tax credit (ITC) depends on when the taxpayer begins constructing a wind project. This outline summarizes the Internal Revenue Service’s (IRS) guidance on when a taxpayer begins construction of a wind project for the PTC and the ITC. Continue reading >