In 2022, Congress passed unprecedented energy legislation promoting investments in the US's energy infrastructure and domestic supply chains for organizations investing and producing qualified energy equipment.? This session explores the available energy incentives and method to monetize for both taxpayers and tax-exempt organizations.
Highlights include:
- Overview of the energy incentives updated, modified and expanded under the Inflation Reduction Act.
- Examples of how energy incentives can be implemented into your tax cashflow strategy.
- New monetization methods (Section 6417, 6418) allowing tax-exempt and taxpayers with limited to no liability able to monetize the credits.
- The requirements for the Clean Energy and Clean Electricity Investment Tax Credits (Sections 48, 48E) and Clean Electricity Production Credits (Sections 45, 45Y).
- The requirements for the electric vehicle infrastructure under Section 30C Alternative Fuel Infrastructure and Section 45W Clean Commercial Fleet.
- The changes of the Residential Energy Credit (Section 45L) and Building Energy Deduction (Section 179D).
- Updates on recent legislation and impacts to the available energy incentives.
Speaker: Colette Gagnet, CPA | Eide Bailly LLP
Session field of study: Specialized Knowledge (Technical)
