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Swansea, MA — February 10, 2026 — GeoFire Solar, LLC (“GeoFire”) announced today that it has closed on the acquisition of Old Providence Road Solar, LLC, a 6,512-kilowatt (kW) commercial-scale solar development project located in Swansea, Massachusetts. The project is expected to participate in the Massachusetts SMART 3.0 Program and represents GeoFire’s continued expansion into […]

Somerset County, MD — October 17, 2025 — GeoFire Solar, LLC (“GeoFire”) is proud to announce the acquisition of Somerset County Solar, LLC, a 2.8-megawatt (MW) commercial-scale solar facility located in Somerset County, Maryland. The project will participate in Maryland’s Community Solar Program and is scheduled for completion in Q3 2026. The Somerset County Solar project builds upon GeoFire’s successful Red

The One Big Beautiful Bill Act, signed into law on July 4, will reshape commercial solar development in the United States. The shift threatens thousands of jobs and billions in investments and jeopardizes the nation’s clean energy transition and climate goals. It also leads to increased reliance on traditional energy sources and likely higher electricity bills.

Recent IRS guidance for wind and solar projects explains how to define the beginning of construction, or BOC, under the new termination deadlines to qualify for an investment tax credit under Section 48E of the federal tax code or a production tax credit under Section 45Y.

FOR IMMEDIATE RELEASE GeoFire Solar, LLC July 8, 2025 GeoFire Solar Projects Strategically Aligned with Full ITC Benefits Under New Federal Legislation Rome, Georgia — GeoFire Solar, LLC announced today that its pipeline of community solar projects is positioned to capitalize on the Investment Tax Credit (ITC) incentives outlined in the recently enacted One Big Beautiful Bill Act (OBBBA),

Queen Anne’s County, MD — April 24, 2025 — GeoFire Solar, LLC (“GeoFire”) is proud to announce the acquisition of the Red Lion solar project, a 2.7-megawatt (MW) commercial-scale solar facility to be developed in Queen Anne’s County, Maryland. The project is part of the Maryland Community Solar Program and is scheduled for completion in Q3 2025. The Red Lion project will provide

At Crux, we hear frequently from individuals interested in participating in the market for clean energy tax credits — both to seize an opportunity to invest in sustainable energy and manage federal taxes. While individuals can participate in the market, that opportunity is currently limited.

The IRS is working on implementing the Inflation Reduction Act of 2022. This major legislation will affect individuals, businesses, tax exempt and government entities. We’ll post guidance for taxpayers on all credits and deductions from the Inflation Reduction Act as it becomes available. Please check back regularly for updates.

The Department of the Treasury and the Internal Revenue Service today issued final regulations and Revenue Procedure 2023-27 PDF to provide guidance for owners of certain solar or wind facilities built in connection with low-income communities.

The Inflation Reduction Act of 2022 (“IRA”) makes several clean energy tax credits available to businesses.