KPMG report - Energy credits, incentives as of 2014 

January 20:  Congress did not pass “tax extenders” legislation at the end of 2013. As a result, several energy-related incentives expired as of the start of 2014.

Notably, the 2013 “begin construction” deadline for the section 45 production tax credit (PTC) has passed. Likewise, the option for PTC projects to elect into the section 48 investment tax credit (ITC) also expired.


The end of 2013 also marked the expiration of a number of fuel and energy efficiency incentives.


Historically, these and other expired incentives have been extended; however, it is unclear at this point when or whether Congress will develop extenders legislation to address these provisions. In recent years, Congress allowed these items to expire and then, late in the year, extended them retroactively back to January 1.


KPMG LLP prepared charts of energy credits and incentives as of January 2014 and listed the current state of tax incentives for renewable energy.


Read the 2014 energy credits, incentives charts [PDF 194 KB]



For more information, contact a tax professional with KPMG’s Washington National Tax practice:


John Gimigliano

202-533-4022


Katherine Breaks

202-533-4578


Hannah Hawkins

202-533-4225




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