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Analysis on Energy and Climate Tax and Credit Provisions
The Inflation Reduction Act (the “Act” or IRA”) is a historic investment in climate policy that touches upon almost every facet of the energy transition in an attempt to drastically reduce greenhouse gas emissions.
Specifically, the IRA provides for the extension, expansion, and creation of a number of credits, which impact a broad swath of “green” technologies, provides substantial subsidies for standalone storage and hydrogen, incentivizes carbon capture, encourages domestic manufacturing and mining, and promotes the installation of EV charging equipment.
The IRA also provides for significant and unprecedented flexibility for monetizing these credits, making more projects financeable, permitting new market entrants, and allowing for new structures and products to be developed.
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Our Inflation Reduction Act series provides insight and analysis on the implementation of the IRA and additional resources on the various technologies and credits addressed in the Act, including in the areas below in which we regularly advise.
- Solar
- Wind (Onshore and Offshore)
- Storage
- Nuclear
- CCUS
- Hydrogen
- Geothermal
- Biomass
- Hydropower
- Electric Vehicles and Charging
- Biogas and Renewable Fuels
- Manufacturing and Mining
- ITC (48)
- PTC (45)
- Technology Neutral ITC (48D)
- Technology Neutral PTC (45Y)
- Nuclear PTC (45U)
- CCUS PTC (45Q)
- Clean Hydrogen PTC (45V)
- Advanced Manufacturing (45X)
- Advanced Energy Project ITC (48C)
- Electric Vehicle Credits (30D/25E)
- Commercial Clean Vehicle Credit (45W)
- Alternative Fuel Vehicle Credit (30C)
- Prevailing Wage and Apprenticeship
- Domestic Content
- Energy Communities
- Direct Pay
- Transferability
- Extended Carryback
- Carryforward
- AMT
Key Contacts
Series Insights
- EventThe Westin NY- Times SquareJune 9, 2023
- Insight
V&E Renewable Energy Update
May 12, 2023 - InsightTreasury Quietly Changes Energy Community Guidance, Redefining Beginning of Construction Timing Rule
V&E Renewable Energy Update
April 10, 2023 - Insight
V&E Securities & ESG Update
April 3, 2023
Series Topics
- Clean Air Act
- Clean Water Act
- Climate Change
- Compliance
- Corporate Governance
- Criminal Prosecution
- Crisis Management
- Cross-border Employment Issues
- Energy
- Environmental Litigation
- Environmental, Social & Governance (ESG)
- EPA
- Government Investigations
- Litigation
- Real Estate
- Renewable Energy
- Renewable Fuel Standards and Biofuels
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