Article Summary –
The Inflation Reduction Act (IRA) has introduced transferable tax credits at the federal level, changing the landscape of tax credits and impacting renewable energy stakeholders. These credits have simplified the process for middle-market companies and smaller developers, opening doors for a broader range of participants in the renewable energy market. During a podcast episode of “The Energy Conversation,” Irina Antonache, a licensed attorney at Moss Adams, discussed the implications of these changes, including the various projects that qualify for credits, and the timing and financial benefits of transferring credits versus waiting for refunds.
IRA and Tax Credits
The Inflation Reduction Act (IRA) has spurred changes in tax credits and renewable energy, introducing transferable tax credits at the federal level. This article discusses the impact of these changes on different stakeholders and their implications for the market.
How do these changes enable middle-market players and small developers to participate more effectively in the renewable energy sector?
In an episode of the “Energy Conversation” podcast, host Matt Kaden, Managing Director at Moss Adams, chats with Irina Antonache, a licensed attorney at Moss Adams. They discuss the revolutionary changes brought by the IRA and how these new policies are expanding opportunities in the renewable energy market.
Key takeaways from their conversation include:
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- Antonache provides an in-depth overview of transferable credits, their history, and how the IRA has simplified the process for middle-market companies and small developers.
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- The various projects and technologies that qualify for these credits, spanning energy storage, renewable natural gas, and manufacturing renewable equipment.
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- The timing and financial benefits of transferring credits, safeguards, and documentation required for smooth transactions.
Irina Antonache, a Partner at Moss Adams, is a seasoned attorney specializing in tax credits. With over 15 years of experience, she has facilitated billions in tax credit transfers and possesses extensive knowledge of renewable energy projects, making her a key resource in understanding the complexities and opportunities of the IRA’s new provisions.
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