The Inflation Reduction Act (IRA) of 2022 has created tax credit opportunities for clean energy projects in the U.S., but in order to maximize credit opportunities it is vital to strategically site your project. Projects on land designated as low-income, Tribal land or as an "energy community" may be eligible for significantly larger tax credits.
Interested in learning more about energy communities and how to determine the most advantageous site for your project? Watch this on-demand video for a quick overview of:
Footnotes:
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.