Clean Energy Tax Provisions in the Inflation Reduction Act
The 2022 Inflation Reduction Act includes some two dozen tax provisions that will save families money on their energy bills and accelerate the deployment of clean energy, clean vehicles, clean buildings, and clean manufacturing. These tax provisions reflect President Biden’s strong belief in building the economy from the bottom up and middle out.
Many of the clean energy tax provisions offer bonus credits to projects that are located in low-income communities or energy communities, pay prevailing wages and use registered apprentices, or meet certain domestic content requirements— all with the goal of strengthening America’s energy security, creating good-paying, high-quality jobs, and spurring shared economic growth that will last well beyond the Biden-Harris Administration.
For a comprehensive, up-to-date compilation of the latest IRA tax guidance from Treasury, click here.
The table below provides the key information about these tax provisions and links to the latest announcements related to their implementation.