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July 14 — The IRS gave distributed wind projects, such as the small wind turbines that businesses, schools and farms install, nearly 11 more months to meet certification requirements to be eligible for the energy investment tax credit, but many of the banks financing these projects didn't stick around for the extension, a wind energy industry practitioner said.
The Internal Revenue Service issued Notice 2015-4 in January; it laid out requirements for small wind energy equipment that hadn't previously been subject to certification, effective Feb. 2, 2015. The IRS issued Notice 2015-51 July 13, extending the deadline to the end of the year (134 DTR G-2, 7/14/15).
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