Energy Tax Credits and the Inflation Reduction Act
Author: Jeffrey H. Paravano.; Nicholas M. Mowbray.
Source: Volume 40, Number 04, Summer 2023 , pp.15-37(23)

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Abstract:
The Inflation Reduction Act (IRA) marks a pivotal milestone in U.S. climate legislation. Included in the IRA are a number of changes and modifications to existing renewable energy tax credits, as well as the enactment of new renewable tax credits. This article provides an in-depth overview of these renewable tax credits, how they operate after the IRA, and recent IRS guidance relating to various aspects of the renewable credits.Keywords: investment tax credit (ITC); production tax credit (PTC); domestic content bonus credit; energy community bonus credit; transfer of credits; paid-in-cash requirement; available types of credits; making the election
Affiliations:
1: BakerHostetler; 2: BakerHostetler.