The tax credits that shape the Inflation Reduction Act

Lauren Collins, a partner at Vinson & Elkins, joins the show to explain how the tax incentives in the Inflation Reduction Act stand to not only boost the deployment of renewable energy in the U.S., but also create new tax credit markets that might attract investment funds and retail investors. Collins also highlights one key area of the energy puzzle that the IRA has unfortunately overlooked.

Key Highlights

3:44 - The most important tax aspects of the bill  - PTC, ITC, Standalone Storage, Bonus credits

6:00 - The new technology neutral credit regime and leveling the playing field for smaller players

9:09 - Credit flexibility provisions (Direct pay and Transferability)

12:20 - Bonus credits and "Stacking" (Domestic Content, Energy Community and Low-Income)

17:10 - Prevailing wage provisions

19:26 - What about Hydrogen, Nuclear and Carbon Capture Utilization and Storage (CCUS)?

23:38 - Making room for Manufacturing, Minerals and Mining tax credits

26:15 - Which aspects of the IRA are overhyped?

28:21 - A new industry and marketplace for tax credits and tax professionals

29:30 - The 'missing piece' in the legislation

30:27 - Which aspects of the legislation are flying under the radar? Transmission misses out

33:30 - Bold predictions - Credit investment funds enter financial markets ... and so do retail investors!

More resources from Vinson & Elkins

Renewable Reboot: A Download on the Inflation Reduction Act of 2022 – Clean Energy Tax Provisions

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