For many years, to show eligibility for most federal (United States) solar and wind tax credits under Sections 45Y and 48E of the Internal Revenue Code (IRC), 26 U.S.C. §§ 45Y, 48E, the U.S. Internal Revenue Service (IRS) gave project developers two ways to show that they had begun project construction: (1) the “Five Percent Safe Harbor” (paying 5% or more of the total cost) or (2) the “Physical Work Test” (starting significant physical work). On July 4, 2025, the President
The Law Firm of John Ratnaswamy, LLC, is pleased to report that John Ratnaswamy again has been ranked in the field of Energy & Natural Resources law by Chambers and Partners.* No one is a “solo practitioner” if they have staff. John thanks the firm’s current and former Paralegals for doing high quality work with enthusiasm and efficiency. *The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and certificates, awards, and recogn
