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Inflation Reduction Act: Investment Tax Credit Example Projects
Our IRA video series dives into the details of the recent legislation to help you understand your options.
The Inflation Reduction Act creates significant opportunities for building owners to ready their operations for long-term resiliency and eliminate deferred maintenance, realize cost savings, accelerate decarbonization and reach equitable outcomes for generations to come.
Isabella Verdugo, McKinstry federal funding strategist, explains how the Investment Tax Credit (ITC) may apply to different project scenarios:
The ITC applies to many types of projects, including solar, wind, geothermal, biomass, battery storage and thermal energy storage. Clients can think about the ITC at all stages of their project, whether that’s the initial design or close of construction. Though the earlier the ITC is considered, the more likely it is that the tax credit can be maximized.
For more information and resources, please visit our IRA blog or contact us below.
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Financial Disclaimer: McKinstry is not engaged in providing legal, tax or financial advice. The information provided herein is intended only to assist you in your decision-making and is broad in scope. Accordingly, before making any final decisions you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your specific circumstances.
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