Tax Day Update: 2015 Inflation Adjustments and Prices for Energy Credits Released by IRS

By Jordan Collins, JD Supra Business Advisor. 

Just in time for tax day – but 14 days behind the Congressional deadline – the IRS released the statutorily required calculations to determine the value of the Section 45 Production Tax Credit (“PTC”) credit amount in 2015, and whether or not a phase-out of the calculation would be required.

The PTC has historically been the primary incentive for the wind industry, but a number of other clean energy technologies are also eligible for the credit.

According to the IRS’s determination, the PTC will remain at 2.3 cents per kilowatt hour in 2015 for qualified facilities utilizing the following technologies: