Affordable Housing Blog
Share Print View
What Else Should You Know about the Begun Construction Test for Renewables?

This is a follow-up to the post from my colleague, Susan Reaman, of a couple of days ago.  As Susan noted, the IRS has just published some additional guidance, Notice 2013-29, about the “begun construction” test that applies to the investment tax credit (ITC) and production tax credit (PTC) for certain renewable energy facilities.  The affected facilities are those that use wind, electricity-generating geothermal, biomass, landfill gas, municipal solid waste, hydroelectric production and marine and hydrokinetic energy, but not several others, particularly those that use solar energy or fuel cells. 


As Susan noted, the facilities must begin construction in 2013 in order to qualify for the ITC or the PTC.  I've recently posted a client alert that discusses two aspects of the new notice in a bit more detail – the continuity requirement, and the ability to transfer projects before the credit is claimed.  You can access the client alert here:



There are no comments yet for this post.

Privacy Policy | Terms of Use and Conditions | Statement of Client Rights
This website contains attorney advertising. Prior results do not guarantee a similar outcome. © 2018 Nixon Peabody LLP
expand 1. HUD / RD

AFHS alerts
Elderly Housing -- Section 202
FHA Insurance and Risk Sharing
Preservation - HUD OAHP and Mark to Market
Section 8 Renewal Contracts
Utility Allowance
expand 2. Local & Regional

California and West Coast
Housing Production Trust Fund
New York and Northeast
expand 3. Energy Tax Credits

expand 4. Historic Rehabilitation Tax Credits

Historic Rehabilitation Tax Credits
expand 5. Low-Income Housing Tax Credits

expand 6. New Markets Tax Credits

New Markets Tax Credits
expand 7. Real Estate

expand 8. Specialty

Freddie Mac
LGBT Housing
Tax-exempt Entities
expand 9. Video