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Inflation Reduction Act: what higher education institutions need to know now

The Inflation Reduction Act (IRA or Act) is the largest energy incentive legislative effort in U.S. history and provides unique yet complex opportunities for colleges and universities. For the first time, these institutions, as well as other not-for-profit organizations, can obtain tax credit funding through direct payments or tax credit transfers from the federal government for qualifying clean energy or efficiency projects. These tax credits can total as much as 50% or more of the qualifying project costs. The IRA also includes direct loan and grant funding for various clean energy projects. Early planning is critical to leverage the Act to its fullest potential and support your institution’s qualifying projects.

Don’t let this timely opportunity sail away! In this webinar, Baker Tilly’s tax and project finance specialists explore how higher education institutions and not-for-profits can benefit from the IRA.

Key takeaways

After watching this webinar, you will be able to:

  • Recognize the impact that the IRA has on higher education institutions and not-for-profit organizations
  • Navigate the different technology and project types eligible under the Act
  • Identify steps to discover what credits your institution’s project(s) qualify for
  • Determine actions to effectively apply for and obtain eligible credits to fund your project(s)

Presenters and subject matter specialists

  • Larry Mohr, CPA, MBT, Tax Principal, Higher Education
  • Gideon Gradman, Managing Director, Energy & Infrastructure Group, Baker Tilly Capital
  • Karen Gries, CPA, Exempt Tax Services Director, Higher Education

Questions to discover if your institution is eligible for IRA incentives

  • Is your institution considering a new construction project or renovations where you may be changing the use, consumption, efficiency or storage of energy on campus?
  • Are there deferred maintenance projects being contemplated?
  • Does your institution have an environmental, social and governance (ESG) strategy driving future capital investments?
  • Is your institution planning or currently executing a project to enhance heat or carbon capture, utilize wind, solar or hydro power or harness biogas to make heat, electricity or a transportation fuel?
  • Is your institution updating its transportation to electric vehicles (EV) or considering adding EV charging stations?

The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.

Larry Mohr
Gideon Gradman
Baker Tilly Capital, LLC Managing Director
Karen Gries
Man folding hands over bible
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