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Inflation Reduction Act Extends and Modifies Tax Credits for Solar Projects | McGuireWoods LLP

On Aug. 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA), which includes new and revised tax incentives for clean energy projects. This alert.

United statesJoe bidenTennessee valley authorityInvestment tax credit for solar energy propertyAdder for energy communitiesSolar energy propertyDepartment of laborPresident joe bidenInflation reduction actCommercial solarInvestment tax creditSolar energySolar throughMcguirewood novemberPrevailing wageApprenticeship guidance

Inflation Reduction Act Creates New Tax Credit Opportunities for Energy Storage Projects | McGuireWoods LLP

On Aug. 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA), which includes new and revised tax incentives for clean energy projects. This alert.

United statesJoe bidenTennessee valley authorityInvestment tax credit for energy storageDepartment of laborDeterminations for energy storage propertyEnergy storage technology through atStandalone energy storage technologyAdder for energy communitiesPresident joe bidenInflation reduction actInvestment tax creditStandalone energy storageEnergy storage technology throughAlaska native corporationsEnergy storage

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