Renewable Energy Tax Credits
The renewable energy industry is witnessing a period of unprecedented growth and competition. To remain at the forefront, companies must maneuver through a rapidly evolving regulatory landscape and aggressively pursue all available incentives. Whether you’re a renewable energy developer or corporate taxpayer looking to participate in the energy transition, Ryan’s Renewable Energy Advisory team is the industry’s one-stop shop for navigating the tax, accounting, and financial challenges that accompany renewable energy investments.
Transferable Credit Opportunities for Renewable Energy Developers
The Inflation Reduction Act (IRA) of 2022 directed $386 billion to clean-energy spending and tax incentives, making it the federal government’s largest-ever investment in renewable energy. The IRA increased and extended the tax credits available to renewable energy projects, while also providing credits for additional technologies and project types.
Read MoreQualifying Advanced Energy Project Credit
IRC Section 48C Tax Credit Advisory
The Inflation Reduction Act (IRA) of 2022 reinstated and extended the Section 48C Advanced Energy Manufacturing Credit to catalyze investment in manufacturing facilities for clean energy technologies. Section 48C is a competitive credit, meaning manufacturers must apply to the Internal Revenue Service to receive an allocation.
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