IRS Issues New Guidance on Beginning of Construction Rules for Wind and Solar Tax Credits
IRS Issues New Guidance on Beginning of Construction Rules for Wind and Solar Tax Credits The Treasury Department and IRS have issued Notice 2025-42, providing updated guidance on the Beginning of Construction requirements for claiming Clean Electricity Production and Investment Tax Credits for wind and solar facilities. This update reflects changes from The One, Big, Beautiful Bill Act (OBBBA) and Executive Order 14315, which begin phasing out subsidies for certain energy sources. Key Deadlines End of Credit Availability:Wind and solar