Extract to table

Begin-construction documentation is under review, and continuity-of-construction requirements must be carefully managed

Placed-in-Service Requirement To claim the ITC, the energy property must be "placed in service" within the meaning of Treasury Regulation Section 1

Second, the project must satisfy continuity-of-construction requirements between the begin-construction date and the placed-in-service date, as discussed in Section IV

A project that begins construction in a qualifying year but is not placed in service within the applicable Continuity Safe Harbor period must demonstrate continuous construction or continuous efforts under a facts-and-circumstances test to preserve its credit eligibility

The placed-in-service requirements must be maintained throughout the ten-year PTC Period

Continuity of Construction: The expected COD of Q4 2024 must fall within the applicable Continuity Safe Harbor window measured from the begin-construction date