WindAction | Duke, others leverage new IRA rules to finance clean energy, but cost, complexity are hurdles
A new market for Inflation Reduction Act clean energy tax credits will bring significant new capital to wind, solar, battery, clean hydrogen and carbon capture projects, financial analysts say. The IRA transferability provision allowing the buying and selling of federal production and investment tax credits could more than triple the $20 billion annual tax equity market that today finances clean energy in the U.S., the analysts say. Clean energy developers can earn revenues by selling tax credits, buyers can reduce their tax burdens while financing new projects, and utilities could in...
Source: windaction.org