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Matt Bonovich

Matt draws on decades of energy experience to help clients navigate unique transactions and challenges. Matt has worked in the field of energy transactions for nearly 20 years, with particular experience in renewables. He has negotiated all manner of project contracts, including mergers and acquisitions, power purchase agreements, hedges, construction and procurement, interconnection and transmission, and operations and maintenance. Recently, Matt has negotiated several turnkey build transfers.

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Employee of a solar panel installation company on the roof

As we have discussed in recent articles and as has been well publicized, two recent actions out of Washington are significantly impacting the renewable energy industry. The recently enacted One, Big, Beautiful Bill Act (OBBBA) imposes new deadlines on renewable energy facilities to begin construction and/or be placed into service in order to qualify for tax credits. This is discussed in detail in our recent articles here.

In addition to the OBBBA, on July 7, 2025, President Trump issued an Executive Order (EO), directing the Secretary of Treasury to—within 45 days following enactment of the OBBBA (which is August 18, 2025)—strictly enforce the termination of renewable energy tax credits. This includes issuing new guidance “to ensure that policies concerning the ‘beginning of construction’ are not circumvented, including by preventing the artificial acceleration or manipulation of eligibility and by restricting the use of broad safe harbors unless a substantial portion of a subject facility has been built.”