On April 15, 2013, the IRS released Notice 2013-29 addressing the eligibility for certain alternative energy projects to qualify for the renewable electricity production tax credit (PTC) under section 45 of the Tax Code. This guidance has been eagerly anticipated since the beginning of the year by developers of wind and other qualifying renewable energy projects as a recent change in law extending the PTC for qualifying facilities changed eligibility standards and as such, has put these developers on the sidelines due to the uncertainty that the absence of guidance has created.