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Alfred Johnson spoke with Facilities Dive about the finalized U.S. Treasury guidance governing the Inflation Reduction Act clean energy tax credits. Key takeaway: The new rules are creating a broader market and enabling a wide range of buyers to power the clean energy transition. More from Facilities Dive:  “‘The new, simpler IRA structure has broadened the market, attracting interest from a wider range of companies interested in buying IRA tax credits,’ Johnson said. He noted that participants now include not only some of the largest companies globally, but also smaller public companies, private businesses and family offices.” Here’s the full story: https://lnkd.in/gYMmtQUZ Get in touch with Crux to buy, sell, or manage your clean energy tax credits. 

The latest updates from the IRS on the final guidelines for transferring clean energy tax credits have been released. Enabled by the Inflation Reduction Act and CHIPS Act, these guidelines facilitate the sale of tax credits, enhancing financing opportunities for clean energy initiatives. Industry leaders are optimistic, predicting substantial investment and broader market participation as a result of the expanded tax credit opportunities. Learn more about the recent IRS guidelines here: https://ow.ly/T6Tb50Rq0BR

Exciting developments in the realm of tax laws! Note: The irony of using exciting and tax in the same sentence is not lost on me. I just shared insights on the prolonged wait for the final ruling on the new tax laws established over 18 months ago with the IRA. Now, here's a noteworthy article by Kelly Pickerel from Solar Power World shedding light on the much-anticipated final IRS rules, particularly around direct pay. While the wait continues for the conclusive rules on transferability, John Podesta, Senior Advisor to the President for International Climate Policy, emphasizes the significance of today's final rule in providing clarity for organizations. “Today’s final rule provides additional clarity for organizations so they can take full advantage of this game-changing opportunity to expand clean energy all across America.” 🌞💼 #TaxLaws #CleanEnergyOpportunity #solar #energy #renewableenergy #solarenergy #IRA #taxcredits https://lnkd.in/gV4Tkkrw

🌟 Exciting News! Learn all about the 45L Energy Efficiency Tax Credit with Specialty Tax Group's comprehensive guide! 💡 This article breaks down everything you need to know about this valuable tax credit, including eligibility criteria, benefits, and how to claim it. Don't miss out on maximizing your tax savings while contributing to a greener future! 🌿💼 #TaxCredits #EnergyEfficiency #SpecialtyTaxGroup

💃 Some really exciting things have been happening with tax credit transferability. This Canary Media Inc. article does a great job of illustrating the concept without getting lost in the weeds. The speed and scale of this are mind-boggling and definitely exceed what we could have hoped for. We had Alfred Johnson discuss Crux's model last year at the State-Federal Summit and it looks like the market has grown in leaps and bounds. 📈 "Transferability is on a path to eclipse the traditional path of tax equity — if not this year, then in 2025,” Johnson said. And while “it took decades for tax equity to reach that size, transfers got there in about 15 months." 💰 If that's not enough to get excited, think about all of the smaller projects previously excluded from this large pool of capital: "On Monday, Navajo Power Home, which provides solar and battery systems for off-grid homes on Navajo and Hopi lands, announced that it had worked with Basis Climate to sell what might be the smallest tax-credit transfer to date — a $355,000 investment tax credit tied to solar-battery systems for about 100 homes." https://lnkd.in/gSpu9ZN5

Since the enactment of The Inflation Reduction Act (IRA) in 2022, we’ve awaited final details on the law’s clean energy tax incentives, which are a fantastic opportunity to offset the costs of the green energy initiatives your organization may already be undertaking. We recommend that entities looking to secure IRA tax credits, engage in an IRA credit transfer, or utilize the nonprofit elective pay program have a thorough understanding of this expansive guidance. To learn more about the law, check out this article by our own Jess LeDonne: https://ow.ly/jytr50S1YWF #InflationReductionAct #IRA #cleanenergy #greenenergy #taxcredits #tax #advisory #consulting

The Inflation Reduction Act of 2022 (IRA) contained a number of tax incentives to encourage investments in alternative energy sources and energy-saving technologies. Although many of these incentives are focused on utilities and other energy sector businesses, several provisions could benefit non-energy businesses and individual taxpayers. This NEW blog outlines four energy-related Internal Revenue Code (IRC) tax provisions that could be applicable to many businesses. https://lnkd.in/g6xz7NMD

From BDO, read more about how to fully capitalize on energy tax credit opportunities opened up by the Inflation Reduction Act (IRA). Read more: https://lnkd.in/eYY4Gs3X

Tax transferability provisions in the Inflation Reduction Act are quite different from traditional tax-equity structures, and have been a driving force for the clean energy market. By allowing members of the clean tech industry to sell their tax credits, transferability is maximizing the potential of IRA inventives. By the end of the year, some estimate that transactions in this market will reach up to $25 billion. https://lnkd.in/eDSujiCJ

With the IRA drastically expanding the 179D Tax Deduction, U.S. businesses have since capitalized on this vital incentive to accelerate energy efficiency, reduce their carbon footprint, and minimize tax liability. ⚡💡💰 Discover what changed, how much you qualify for, and what building systems are covered. #LEDlighting #operationalefficiency #energyefficiency #alwaystherightchoice https://hubs.la/Q02mSZt_0