By: Michael Wilson, CPA Summary On August 16, 2022, President Joe Biden signed into law H.R. 5376, more commonly known as the Inflation Reduction Act of 2022 (the “Inflation Reduction Act”), which includes $369 billion in incentives for clean technologies, including wind, solar, storage, hydrogen, nuclear, carbon capture, and biofuels to increase investment in the renewable energy sector. These incentives…
By Russ Johnson, CPA As the world moves towards a more sustainable future, clean energy has emerged as a frontrunner in the fight against climate change. However, transitioning from traditional energy sources to renewable ones is not always an easy or affordable task. Recognizing this challenge, governments around the world, including the United States, have implemented incentives to encourage the…
By: Ryder M. Mathias, CPA The Inflation Reduction Act has changed the game for energy tax credits in affordable housing and real estate. Our recent article outlines your opportunities. (more…)
The Inflation Reduction Act (IRA) of 2022 provided taxpayers with a tax credit for new or largely reconstructed homes that meet the DOE Zero Energy Ready Home (ZERH) requirements by amending Internal Revenue Code Section 45L. This legislation included a ten-year extension of the 45L Energy Efficiency Home Credit and nearly $370 billion in provisions for green energy efforts. According…
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