Notice 2015-4: Small wind energy property requirements under section 48

Notice 2015-4: Small wind energy property requirements

The IRS today released an advance version of Notice 2015-4 to provide guidance concerning performance and quality standards that “small wind energy property” must satisfy to qualify for the energy credit under section 48.

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Notice 2015-4 [PDF 25 KB] sets forth the specifications for property to qualify as small wind energy property under section 48, and standards for manufacturers to follow in order to certify to a taxpayer that the small wind turbine satisfies the performance and quality standards.

Today’s notice also provides examples to illustrate appropriate reliance by a taxpayer on such certification.

Notice 2015-4 is effective for small wind energy property acquired or placed in services (for property constructed, reconstructed, or erected by the taxpayer) after January 26, 2015 (the date when the notice will be published in the Internal Revenue Bulletin).

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