Rhone Resch

CEO of Advanced Energy Advisors — helping energy companies boost profits in the U.S. through smart strategy, financial optimization, and policy risk management.

[Rhone Resch @RhoneResch]

If you haven't already, hire someone in Washington that has their thumb on the pulse.

[Rhone Resch @RhoneResch]

Treasury did not:
fully define every aspect of “Prohibited Foreign Entity” (PFE) in granular detail, Issue final regulations, resolve every ownership/control edge case, provide permanent cost tables.

They explicitly state that proposed regulations are forthcoming.

[Rhone Resch @RhoneResch]

(2) interim safe harbors developers can use to calculate the required “material assistance cost ratio” (MACR) for §45Y, §48E, and §45X while Treasury works on proposed regulations.

[Rhone Resch @RhoneResch]

Treasury just issued interim guidance implementing PFE restrictions on clean-energy tax credits. The notice explains (1) how to determine whether a project or BESS has “material assistance” from a PFE, and

[Rhone Resch @RhoneResch]

#solarisnow

[Rhone Resch @RhoneResch]

IRS just killed the 5% safe harbor for most solar/wind.
Only the Physical Work Test remains—meaning higher costs, faster timelines, & bigger risks. This could stall gigawatts of projects + billions in investment.

https://t.co/91tBx9roNO

#AdvancedEnergyAdvisors #Solar #SEIA

[Rhone Resch @RhoneResch]

Guidance will land fast — and hit hard.

If your tax strategy hasn’t changed post-OBBBA, you’re not ready.

#AdvancedEnergyAdvisors #OBBBA #FEOC #Treasury #CleanEnergy #Solar #Wind #ITC #PTC #SEIA #ACP

[Rhone Resch @RhoneResch]

All of this as the U.S. grid braces for record AI/data center demand…
Yet we’re tightening clean energy access to credits?

The Trump Admin is choosing politics over power capacity.

[Rhone Resch @RhoneResch]

This has major implications for project financing, procurement strategy, and tax equity eligibility — particularly for large-scale solar + wind builds.

Developers need to reassess timelines now.

[Rhone Resch @RhoneResch]

Projects must begin by 7/4/26 and be in service by 1/4/29 to qualify for ITC/PTC.

[Rhone Resch @RhoneResch]

WH reportedly rejected the 20% safe harbor proposal.
👀 Expect 25–50% safe harbor + 2.5-year placed-in-service window (vs. 4 yrs).

[Rhone Resch @RhoneResch]

Treasury is expected to drop new guidance by Aug 18 on commence construction and FEOC restrictions under the July 7 Executive Order. Here’s what we’re hearing—and why it matters.👇

[Rhone Resch @RhoneResch]

@DavidReasenberg Nope, we are going headfirst into the Fire Swamp.

[Rhone Resch @RhoneResch]

Here is a more detailed overview of today's Executive Order impacting solar, including actions that the administration has considered to make it more difficult to build large-scale solar projects in the US. https://t.co/9LF8rDT1ud

[Rhone Resch @RhoneResch]

Not good. https://t.co/EAMbKUEk1u

[Rhone Resch @RhoneResch]

President Trump’s new EO directs Treasury and Interior to eliminate federal subsidies for wind and solar projects linked to “foreign-controlled” entities. It also tightens rules on what qualifies as “commenced construction,” likely ending the 5% safe harbor. #Solar

[Rhone Resch @RhoneResch]

My bad, Murkowski changed placed in service to commence construction.

[Rhone Resch @RhoneResch]

Doesn’t look like solar and wind got commence construction change. Ouch

[Rhone Resch @RhoneResch]

Senate passed HR-1. Sen Murkowski came through by extending the solar/wind tax credits out thru 2027 and changing the qual back to commence construction. She also got rid of the future excise tax. No relief for resi. It is still a horrible bill but not bad as it was last night.

[Rhone Resch @RhoneResch]

House Rules Committee released changes to Budget Reconciliation. Its bad…

Resi solar is dead. 25d gone and no leasing for 48e

Material assistance brought forward to year end 2025 from 1 year after enactment. No company can meet that requirement.

Itc/ptc goes to zero post 28