What the IRA Means for Your Bottom Line

From Yahoo Finance: 2025-04-30 10:10:00

The Inflation Reduction Act (IRA) has introduced the largest federal clean energy tax incentives in US history, impacting developers, investors, and manufacturers. Key credits include the Investment Tax Credit (ITC) and Production Tax Credit (PTC) for solar, wind, and other technologies. The Section 48C Advanced Energy Project Credit benefits manufacturers in clean energy production. Certified public accountants (CPAs) play a crucial role in navigating the complex rules surrounding these credits, including credit selection, stacking bonus credits, compliance, and recordkeeping. The IRA presents opportunities for financial value, but requires strategic planning and adherence to regulations for maximum benefit.



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