Brownfield Qualification for the Energy Community Tax Credit

With additional tax credit value available to energy projects under the Inflation Reduction Act, renewable energy companies should closely evaluate their project locations—particularly those projects that may be located in a “brownfield area,” given the recent changes in law related to PFAS, or "forever chemicals", and certain bonus credits available to projects in those locations.

Writing in The Legal Intelligencer, Christopher A. Jones, Katie Leesman, and Lea A. Phillips explore the opportunities and concerns to be aware of in greater detail. Christopher co-leads Ballard Spahr's Tax Team. Katie is a member of its Energy Industry Finance team, and Lea is a member of its Environment and Natural Resources team.

For further information on the evolving PFAS regulatory landscape, sign up for access to the firm's PFAS Legislation Tracker.

Read the full article here. (Subscription may be required.)