The just-passed landmark Inflation Reduction Act (the Act) provides numerous opportunities for organizations to cost-effectively meet their ESG and other sustainability goals. The Act also provides many opportunities for clean energy project developers and manufacturers of clean energy equipment to lower their costs and increase their business. The combination of several clean energy and manufacturing tax credits, important new options for receiving or transferring most of these credits, and billions of dollars in new or expanded grant opportunities can allow organizations to dramatically lower the cost of meeting their sustainability goals and implementing energy efficiency and clean energy improvements, thereby also significantly lowering their operating costs. Likewise, clean energy developers and manufacturers can take advantage of the numerous incentives under the Act to significantly lower costs and dramatically grow their business opportunities.
Below is a list of some of the key opportunities the Act provides:
To discuss the above and other opportunities, please contact John Clancy. Because of the length and complexity of the Act and the numerous underlying requirements that apply to it, whether the above programs are applicable to your organization and your projects is based on a number of factors in addition to those outlined in this summary update. Therefore, it is important to make sure that all relevant factors are considered as you proceed.
If you have a media request or need an attorney with particular knowledge for comment, please contact Kyle Mondy, Marketing & Communications Manager, at 414.287.9481 or kmondy@gklaw.com.
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