Inflation Reduction Act: Tax credits for commercial organizations

The primary focus of the Inflation Reduction Act of 2022 (IRA) is a collection of climate and energy tax credits and incentives intended to support domestic clean and renewable energy production. Commercial organizations will have many opportunities to explore using these tax credits, as they appear to be widely applicable and can be used for many production and nonproduction uses. The IRA also introduced new monetization options for the many credits, including the ability to sell credits.

During this webinar, our professionals will give an overview of the tax credits applicable to commercial organizations, helping to illustrate the variety of opportunities available over the next few years. At a high level, they’ll discuss the tax credits supporting the manufacturing of components for the green energy economy, for producing electricity, for the adoption of electric vehicles, and other tax incentives for investing in energy-efficient buildings. They’ll also discuss the various monetization options for these credits.

By discussing these tax credits and incentives at a high level, attendees will leave with an idea of what credits they may want to focus on and understand what some next steps may be.

Learning objectives:

• Develop an understanding of the tax credits in the IRA available for commercial organizations.
• Identify which IRA tax credits may apply to your organization.
• Form a high-level plan and determine next steps for using the tax credits.