Secure Tax Incentives for Green Energy Projects Through the Inflation Reduction Act Secure Tax Incentives for Green Energy Projects Through the Inflation Reduction Act

A MUST-READ FOR SUPPLY CHAIN AND PROCUREMENT PROFESSIONALS

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Secure Tax Incentives for Green Energy Projects Through the Inflation Reduction Act

In August 2022, President Joe Biden signed the Inflation Reduction Act (IRA) into law, taking significant action to drive clean energy technology, innovation and manufacturing forward. With the Advanced Energy Project Credit, the IRA earmarked $10B in investment tax credits meant to lower the cost of transitioning to clean energy and instigate demand, drive investment and encourage innovation.  

The paper — Inflation Reduction Act: How to Secure Tax Credits for Clean Energy – examines the tax credit and the application process as well as how it may benefit your company’s green energy projects.

However, the application window this year is very short: project concept papers need to be submitted between May 31 and July 31, 2023. If organizations were ever thinking about modernizing their assets or manufacturing sites, now is the best time to do so. By leveraging these tax credits and funding from the government, firms will be able to expedite their decarbonization journey and drive the transition to clean energy. 

Learn How to Secure Clean Energy Tax Credits Through the Inflation Reduction Act

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