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.
After watching this webinar, you will be able to: