Energy Projects May Qualify for Millions in Refunds: Revisiting Project Costs After IEEPA Ruling

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':"";if(r){var a=n.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",a).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?U:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,r=void 0,a=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return C(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,t){var n=this;M(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),M(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),I(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n=e.getConfig();if("smartphone"===n.device){if("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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n,o,i,r=e.getConfig();if(t.ybar&&["desktop","tablet"].includes(r.device)&&(null===(n=r.bucketConfig)||void 0===n?void 0:n.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){t.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=t.searchForm)||void 0===i||i.classList.add(Ft[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Ft.overlay,Ft[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(t.searchForm,"focusout",(function(e){if(t.searchForm&&t.searchInput){var n=e.relatedTarget;n&&!t.searchForm.contains(n)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,o),Vt(e,o),o.searchGradientBorder){var i=!1;o.searchInput.addEventListener("keydown",(function(e){var 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Due to a recent U.S. Supreme Court decision, that now has changed for those who have utilized international supply chains to build their qualifying electric assets. If you invested into capital expenditures starting as early as November 2024, you may be eligible for a refund under the repealed International Emergency Economic Powers Act (IEEPA) tariffs, but there is potential for additional risk.COMMENTARYTariffs previously paid under IEEPA may be refunded through established customs processes. These tariffs have historically been recorded as a cost of construction and added to the tax and regulatory basis of assets for energy companies. However, being eligible for a refund could have significant implications across project finance structures, tax positions and regulatory filings, which can impact tax investors, asset owners and ultimately rate payers.Large-scale renewable energy projects depend on complex global supply chains. Even when equipment is sourced from domestic manufacturers, many components are produced abroad. During the period when IEEPA tariffs were in effect, imports of certain energy-related components faced significant duties, with rates varying by product type and country of origin. To further complicate things, tariff rates applied to global shipments, at times, changed weekly depending on the administration’s orders. Solar equipment, in particular, experienced substantial tariff exposure due to global manufacturing concentration. In many projects, however, the entity paying the tariff was not the utility or project owner, but rather, the importer of record (IOR). The IOR often was:An equipment manufacturer.A supplier or distributor.An engineering, procurement and construction (EPC) contractor.Those costs were typically incorporated into equipment pricing and ultimately flowed into the capital cost of the project. In most scenarios, the IOR is the entity that can secure the refund.As most tariffs were embedded within procurement costs, many project owners may not have visibility into the amount of duty included in equipment pricing. If those tariffs are ultimately refunded, the financial implications may extend across several layers of a project’s structure. Potential impacts include:Capital cost adjustments for renewable energy assets.Regulatory implications for utilities recovering project costs through rates.Tax basis changes affecting investment tax credit (ITC) calculations.Financial impacts for developers, investors and lenders.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 67,030.87 -1,851.44 (-2.69%)SKYQ Sky Quarry Inc. 4.7800 +2.2500 (+88.59%)CL=F Crude Oil May 26 111.69 +11.57 (+11.56%)LUNR Intuitive Machines, Inc. 23.30 +3.06 (+15.14%)PL Planet Labs PBC 34.93 +4.22 (+13.73%)PortfolioSign in to access your portfolioSign inTop gainersRLAY Relay Therapeutics, Inc. 12.63 +1.85 (+17.22%)AAOI Applied Optoelectronics, Inc. 100.54 +14.19 (+16.43%)LUNR Intuitive Machines, Inc. 23.04 +2.80 (+13.83%)PL Planet Labs PBC 34.76 +4.05 (+13.19%)VSAT Viasat, Inc. 50.92 +5.69 (+12.57%)Top losersRGC Regencell Bioscience Holdings Limited 30.33 -3.39 (-10.05%)KOD Kodiak Sciences Inc. 39.15 -3.66 (-8.55%)SEDG SolarEdge Technologies, Inc. 48.26 -3.61 (-6.96%)RCI Rogers Communications Inc. 35.47 -2.67 (-7.00%)BOOT Boot Barn Holdings, Inc. 133.42 -10.09 (-7.03%)Most activeNVDA NVIDIA Corporation 176.09 +0.34 (+0.19%)INTC Intel Corporation 49.42 +1.39 (+2.88%)PLUG Plug Power Inc. 2.3704 +0.1204 (+5.35%)NOK Nokia Oyj 8.65 +0.38 (+4.53%)ONDS Ondas Inc. 9.14 +0.32 (+3.69%)Top economic eventsEarnings eventsMy earnings eventsEarnings events