The Federal government's unprecedented move in the Inflation Reduction Act of 2022 (IRA) allows certain eligible investment and production tax credits to be sold from the party that generates the tax credit to an unrelated party solely for cash. The frenzy to market and sell these credits has…
Weaver is closely following the IRS and Treasury Department’s activities to issue further guidance on IRA clean energy credits and incentives.
On May 12, 2023, the IRS issued initial guidance for the domestic content bonus credit. Please stay tuned for more information about these…
The new credit transfer provision in the Inflation Reduction Act (IRA) could provide a new opportunity for real estate investment trusts (REITs) to invest in properties with solar facilities. The IRA’s extension of the investment tax credit (ITC) for solar energy, along with new credit…
The Inflation Reduction Act of 2022 permits the transfer of renewable energy tax credits to an unrelated party in exchange for cash as part of $369 billion in spending and tax credits for climate and energy programs. This provision could have a significant impact across the energy industry by…
The Inflation Reduction Act of 2022 (IRA) provides $369 billion in spending and tax credits over 10 years to expedite the transition to decarbonized energy sources. The Act reforms and expands the system of energy tax credits to provide incentives for existing and emerging zero-emissions energy…
The Inflation Reduction Act (IRA) includes a new “Advanced Manufacturing Production Credit” to support manufacturers of solar, wind, and battery components. This production tax credit (PTC), found in IRC Section 45X, is designed to support the development of a domestic supply chain for renewable…
The 2022 Inflation Reduction Act included $27 billion for a Greenhouse Gas Reduction Fund. These funds can be accessed through green banks, which play an important role in funding environmental initiatives by functioning as an effective bridge between public funds and the private sector. …
In the past decade, more and more investment funds have been created with goals that go beyond strictly financial returns. Impact investing, also called sustainable, socially responsible or ESG (environmental, social, and governance) investing — has
You may have seen competitors selling carbon offsets and wondered, “Can we do that?”
Maybe. But those emissions reductions you achieved for regulatory compliance can’t be sold as offsets. Neither can the improvements at a new facility that you
The Inflation Reduction Act of 2022, signed into law by President Joe Biden on August 16, 2022, includes $369 billion in spending and tax credits for climate and energy programs over 10 years. The Act is a smaller version of the Build Back Better Act (BBBA) passed in the House of Representatives…
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