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Inflation Reduction Act: Tax credits for electricity production from clean and renewable resources

Presented By:
Andrew Apsey Jeff McPherson Amy Forester Amber Amelio
Thursday, Nov. 30, 2023
11 a.m. - 12 p.m. ET
Anticipated CPE:
1, Tax
Register Now
The Inflation Reduction Act includes several tax credits for electricity production from renewable energy resources. Join our Inflation Reduction Act tax professionals on November 30 to identify how to make the most of these key tax credits.
Business professional researching the Inflation Reduction Act.A core component of the Inflation Reduction Act (IRA) is an expansion of tax credits related to the production of electricity from renewable resources, including solar, wind, and geothermal. For this, two existing credits were modified significantly (Section 45 and Section 48), and two new credits are set to take effect in future years (Section 45Y and Section 48E). Because multiple tax credits are generated by the production of electricity from specific resources, taxpayers can either claim an investment tax credit or a production tax credit.

During this webinar, our tax professionals will discuss these tax credits, dive deeper into qualifying for the credits, and talk through how the specific rules for each change depending on the year the qualifying equipment is placed in service.

Learning objectives:

  • Develop an understanding of the tax credits for electricity production from renewable and clean resources (Sections 45, 48, 45Y, 48E).
  • Identify how your organization could take advantage of the tax credit (either investment or production).
  • Define potential next steps for your organization as it relates to the tax credits for electricity production in the IRA.
Plante & Moran, PLLC, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or by visiting the website: 

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