Important Steps: Positioning for The Inflation Reduction Act (IRA)
The Inflation Reduction Act (IRA) includes significant energy and renewable tax and economic incentives for organizations of all types. This article from ENERLOGICS is a quick summary of the IRA’s Impact on Solar and Energy Storage Tax Credits
Solar and energy storage projects received major tax and cash incentives. The inclusion of energy storage in the IRA signals a needed policy shift in renewables infrastructure incentives. In order to support tax exempt organizations, the tax credits allow for a “direct pay” option.
These incentives will help justify many DER projects. As entities move toward DER investments, organizing energy and facility data is a critically important step. Here are the 3 things necessary to engage and be ready for the IRA:
- Gather and organize energy usage, cost, and demand data along with facility assessments and operating characteristics.
- Review Your Portfolio: Identify & Group target facilities to understand and prioritize the potential impact on energy cost and efficiency.
- Engage Your Stakeholders
THG Energy is here to support your efforts, and make sure your data is in order to be able to take advantage of the IRA. Let us know how we can help!
We’re always available for a brief call to walk you through these steps, and get you started.
Reach out to schedule an intro meeting – contactus@thgenergy.com