An overview of energy tax credits under the Inflation Reduction Act of 2022

Devin Hall, David Strong

Want to find potential tax savings over the next decade? Read this overview of energy tax credits – and who can take advantage of them.

The Inflation Reduction Act of 2022 (IRA) included several new provisions and updates relating to energy tax credits. In fact, estimates have suggested that if these and other climate portions of the law are all implemented and used during the next 10 years, they could decrease greenhouse gas emissions in the United States by up to 40%. 

Businesses of all kinds should explore ways to optimize their tax strategies in light of these credits – some of which will be able to provide tax savings into the next decade. Explore our high-level credits summary to learn if your organization might be eligible to take advantage of some of the new and updated energy tax credits from the IRA, including: 

  • Production of electricity through clean and renewable energy sources  
  • Sales of technologies and materials that facilitate clean energy production  
  • Sale and usage of biodiesels and alternative fuels  
An overview of energy tax credits under the Inflation Reduction Act of 2022
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Devin Hall
Devin Hall
Managing Partner, Energy
David Strong
David Strong
Partner, Washington National Tax