Green Energy Bonus Tax Credit Rules Spur Cottage Industry

The hunt for domestic content bonus credits for green energy projects has spawned a cottage industry for lawyers and tax advisers helping developers navigate byzantine regulations to land big-ticket tax breaks.

Companies developing green energy projects can get an extra 10% tax credit if they source enough material and production inside the US, part of provisions in Democrats’ 2022 tax-and-climate law.

That can add up to a lot—especially on bigger projects—but strict standards and impenetrable guidance is stymieing developers’ efforts to seek the credits.

So companies increasingly are turning to attorneys and tax advisers to fill the role of de-riskers ...