Tax Benefits, Renewable Energy Credits, and Other Incentives
With the passing of the IRA (Inflation Reduction Act 2022), 30% tax credits have been locked in until 2032. Solar projects are a valuable and reliable tax equity investment, and the additional credits including domestic sourcing and incentives to serve LMI (low and moderate income) communities increase that incentive. Our team can help maximize value for our clients by providing guidance on all available federal and state incentives.
New renewable energy projects also bring additional annual tax revenue to the communities that host the solar arrays. Additionally, Renewable Energy Credits (RECs) generated by the solar projects support the state’s goals of meeting new clean energy requirements.