First, a quick and brief reminder on the IRA and the monetization techniques. The IRA expanded upon existing energy tax credits (and other tax incentives) and introduced new ones. And critically, the IRA also brought to life...more
Under the Inflation Reduction Act (“IRA”), the investment tax credit (“ITC”) may be increased if the applicable energy property qualifies for certain bonus levels, including an increased ITC energy percentage of up to 10% or...more
Last week, the Treasury released Notice 2022-61 (the “Notice”) with additional guidance on the “prevailing wage and apprenticeship” requirements tied to many of the new or updated tax incentives in the Inflation Reduction...more
The Inflation Reduction Act (the “IRA”) is a historic piece of legislation that includes approximately $369bn of funding for a number of strategies to reduce carbon emissions and combat climate change. Although it may be...more