Navigating Prohibited Foreign Entity Restrictions in Clean Energy Tax Credits: An Analysis of IRS Notice 2026-15

Executive Summary The One, Big, Beautiful Bill Act, which is commonly known as OBBBA and was enacted on July 4, 2025, introduced significant restrictions on clean energy tax credits under Internal Revenue Code Sections 45X, 45Y, and 48E to limit involvement from Prohibited Foreign Entities, or PFEs. IRS Notice 2026-15 provides interim guidance on these … Read more

Project Labor Agreements in the Context of Section 48 and 48E Investment Tax Credits: Enhancing Compliance with Prevailing Wage and Apprenticeship Requirements

Executive Summary The Inflation Reduction Act (IRA) of 2022 has significantly expanded tax incentives for clean energy projects through enhancements to the Investment Tax Credit (ITC) under Sections 48 and 48E of the Internal Revenue Code. A key feature of these incentives is the opportunity for taxpayers to claim a fivefold increase in the credit … Read more

2025 NREL Geothermal Market Report: Key Insights for Owners, Developers, and Engineers

As we kick off 2026, the clean energy landscape is heating up—literally. The National Renewable Energy Laboratory (NREL) just dropped their 2025 U.S. Geothermal Market Report, and it’s packed with data confirming what we’ve been seeing on the ground: geothermal energy has one of the strongest long-term runways in renewables. But success hinges on smart … Read more

Why ITC Success for Geothermal and Storage Projects Is Won or Lost Before Construction Starts

For years, the Investment Tax Credit was treated as something handled after a project was designed, built, and placed in service. That approach no longer works. Under the Inflation Reduction Act and clarified further under OBBBA, geothermal and energy storage projects sit at the center of ITC opportunity. They also sit at the center of … Read more

Webinar: Cutting Operating Costs with Federal Energy Tax Incentives

Cutting Operating Costs with Federal Energy Tax Incentives: How to get started This webinar explains how Elective Pay under the Inflation Reduction Act—maintained through the One Big Beautiful Bill Act (OBBBA), gives government and nonprofit organizations a time-limited opportunity to convert federal energy tax credits into cash payments. Learn how these funds can directly support … Read more

Webinar: Funding Geothermal Projects

Real World Strategies for Leveraging Incentives, Financing, and Project Delivery Practical, solutions-focused panel discussion featuring leading experts in finance, development, incentives, and project delivery, who will share real-world strategies for funding and implementing successful geothermal projects in today’s market. – Josh Howes, CEO & Founder, Walker Blue, LLC– David Diaz, CSO, Walker Blue, LLC– J.C. Caine, Sr. … Read more

Navigating Apprenticeship Requirements Under the Inflation Reduction Act: Compliance, Penalties, and Remedies

Executive Summary The Inflation Reduction Act (IRA) of 2022 introduced prevailing wage and apprenticeship (PWA) requirements to qualify for enhanced tax credits and deductions in clean energy and other qualifying projects. These requirements aim to promote skilled labor development while ensuring fair compensation. This white paper focuses on the three key apprenticeship requirements—Apprenticeship Labor Hour … Read more

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