Alerts6.8.20

IRS Extends Construction Safe Harbor For Renewable Energy Projects

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Highlights

For renewable energy projects that began construction in 2016 or 2017, Notice 2020-41 adds another year to the 4-year “Continuity Safe Harbor” for determining beginning of construction

Notice 2020-41 extends special 3 ½ month rule for delivery of equipment until Oct.15, 2020 for payments made after Sept. 15, 2019


In Notice 2020-41, the Internal Revenue Service (IRS) extended both the Continuity Safe Harbor and 3 ½ Month Safe Harbor for satisfying the beginning of construction requirement for renewable energy projects that qualify for production tax credits (PTCs) or investment tax credits (ITCs). 

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