Showing posts with label IRA2022. Show all posts
Showing posts with label IRA2022. Show all posts

Tuesday, November 22, 2022

Renewable Energy and IRA 2022

Quick take for Inflation Reduction Act 2022

The Inflation Reduction Act is a huge legislation act passed in 2022. It includes increases in taxes (mostly corporate related), limits to some spending (like drugs), and a lot toward energy efficiency and renewable energy. See the overview on Wikipedia: https://en.wikipedia.org/wiki/Inflation_Reduction_Act_of_2022

Renewable Energy Incentives. The IRA has raised and extended the 30% investment tax credit to qualified renewable energy investments. There are many limitations and additions. Look for updated blogs here and get informed from the IRS and Treasury.