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Articles by Dirk Michels
CFPB Seeks Comment on Proposed Rules Addressing "Unique Nature" of PACE Financing | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
CFPB Seeks Comment on Proposed Rules Addressing "Unique Nature" of PACE Financing
Patrick R. Gillard is the Practice Leader of Ballard Spahr's Energy and Project Finance Group. He represents corporate clients, underwriters, and lenders in connection with corporate and project finance, mergers and acquisitions, public utility law, and wholesale energy regulation. Patrick has a sophisticated utility finance practice and experience negotiating public and private debt financings involving both complex capitalization structures and M&A transactions.
New Jersey Legislature Establishes Community Solar Program | JD Supra
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New Jersey Legislature Establishes Community Solar Program
With more than 2,000 megawatts of cumulative solar capacity installed, New Jersey is the nation's fifth-largest solar state, according to the Solar Energy Industries Association (SEIA). New legislation is designed to expand solar power in the state even further. The New Jersey Legislature passed a bill last week that is expected to "stabilize and expand" New Jersey's solar sector by making solar power more affordable to the state's families and businesses, SEIA said in a statement.
IRS: Solar Energy Storage Upgrade Is Eligible For Tax Credit - Solar Industry
In a new letter ruling (PLR 201809003) issued on March 2, the Internal Revenue Service (IRS) ruled that a residential behind-the-meter solar energy storage device – a battery- meets the definition of “qualified solar electric property expenditure” under section 25D(d)(2) of the Internal Revenue Code of 1986 (the code), as amended, if 100% of the energy used by the battery is derived “from the sun,” therefore allowing the 30% tax credit for the energy storage device.
IRS Rules Solar Energy-Storage Upgrade Is Eligible for Tax Credit | JD Supra
Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra: Already signed up? Log in here By using the service, you signify your acceptance of JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources.
IRS Rules Solar Energy-Storage Upgrade Is Eligible for Tax Credit
In a new letter ruling (PLR 201809003) issued on March 2, the IRS ruled that a residential behind-the-meter solar energy storage device—a battery—meets the definition of "qualified solar electric property expenditure" under section 254D(d)(2) of the Internal Revenue Code of 1986 (the Code), as amended, if 100% of the energy used by the battery is derived "from the sun," therefore allowing the 30% tax credit for the energy-storage device.
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