In the Headlines
August 7, 2023

IRA at 1: U.S. Heralds Clean Energy Manufacturing 'Renaissance'

S&P Global

Tax attorney Amish Shah was quoted in an S&P Global article discussing the demand for the Inflation Reduction Act's (IRA) manufacturing tax credits and the opportunities they present. While federal guidance exists for some programs, developers still await clarity on technical qualifications and partnership structures to fully capitalize on the incentives, which include the manufacturing-specific 45X production tax credit (PTC) and 48C investment tax credit (ITC). Mr. Shah noted that these incentives are crucial to determining the financial viability of clean energy projects.

"The costs of manufacturing in the U.S. are high enough that they really need both the incentives provided by the bipartisan infrastructure bill [enacted in 2021] and some of the tax credits available under the IRA," he said.

READ: IRA at 1: U.S. Heralds Clean Energy Manufacturing 'Renaissance'

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