Transferable Clean Energy Tax Credits Market Observations: ‘The First Inning’
The Inflation Reduction Act (IRA), signed into law in August 2022, includes $369 billion in energy-related spending, including new and enhanced incentives for clean energy.
Effective January 1, 2023, the IRA permits a one-time transfer of clean energy credits by project developers to unrelated purchasers. A purchaser in any industry with sufficient taxable income can potentially benefit from a purchase of the credits.
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