H.R. 1 significantly rolls back or repeals many of the clean energy tax credits and incentives introduced with the Inflation Reduction Act of 2022, but energy storage projects are generally not as severely impacted as wind and solar, as energy storage projects beginning construction before 2033 remain eligible for key credits.
Our focus here is on H.R. 1’s extension and expansion of pre-existing foreign entity of concern (FEOC) restrictions for each of the tax credits most likely be relevant to large-scale energy storage projects under Sections 45Y, 48E, and 45X of the Internal Revenue Code.
To be eligible for tax credits, materials from a prohibited foreign entity (PFE) must be under a certain percentage threshold. These thresholds are different for solar and storage projects and increase annually:
With the budget bill passed and new Section 232 polysilicon and AD/CVD cases making headlines, solar and energy storage developers and equipment buyers are facing an increasingly complex landscape.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
The Department of Energy (DOE) has issued its final interpretive guidance on the statutory definition of “foreign entity of …
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The One Big, Beautiful Bill Act (OBBBA) includes new restrictions on technology neutral tax credits, including project-based tax …
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The One Big, Beautiful Bill Act (OBBBA) includes new restrictions on technology neutral tax credits, including project-based tax credits and the 45X manufacturing tax credit. …
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On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (the OBBB), which significantly rolls back many of the core tax incentives that clean energy projects have relied …
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A closer look at FEOC restrictions today as they apply to technology-neutral tax credits for solar and energy storage projects.
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In the case of the Tech-Neutral ITC, the placed-in-service deadline will not apply to energy storage technology. FEOC Restrictions …
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