Insights & Resources

Weaver is closely following the IRS and Treasury Department’s activities to issue further guidance on IRA clean energy credits and incentives.

The new credit transfer provision in the Inflation Reduction Act could provide a new opportunity for REITs to invest in properties with solar facilities.

A provision in the Inflation Reduction Act of 2022 permits the transfer of renewable energy tax credits to an unrelated party in exchange for cash.

The Inflation Reduction Act of 2022 provides $369 billion in spending and tax credits over 10 years to expediate the transition to decarbonized energy sources.

The Inflation Reduction Act includes a new “Advanced Manufacturing Production Credit” to support manufacturers of solar, wind, and battery components.

The Inflation Reduction Act of 2022, includes a number of the renewable energy tax provisions originally contained in the Build Back Better Act.

On March 24, 2022, the Fifth Circuit Court of Appeals found the federal oil spill tax under IRC Section 4611(b) unconstitutional when imposed on exports of crude oil from the United States.