What Type of Projects Fit IRA Incentives?

October 21, 2022

The Inflation Reduction Act (IRA) contains enhanced funding and tax incentives to accelerate infrastructure development in service to your core mission. Multiple technology types are called out within the new legislation, offering accelerated pathways to decarbonization and energy resiliency.

Each of these technology types are now supported through enhanced investment and production tax credits.

IRA Investment Tax Credit (ITC) Overview

Thirty percent federal tax credit claimed against the tax liability of commercial and utility (and residential) investors in solar energy property.

IRA Impact

Other Must-Knows

Production Tax Credit (PTC) Overview

Per kilowatt-hour (kWh) federal tax credit for electricity generated by qualified renewable energy resources.

IRA Impact

Other Must-Knows

Additional IRA Funding and Grant Opportunities

Greenhouse Gas Reduction Fund

Climate Pollution Reduction Grants

Environmental and Climate Justice Block Grants

Rural Renewable Energy & Electrification Project Financing

Where to Start

The IRA represents a seismic shift that will accelerate the decarbonization of our built environment for the betterment of our communities. Now is the time to unite and harness our collective knowledge, innovative thinking and desire for change to guide bold action that will have real and lasting impact on your core mission.

Viridis can help accelerate infrastructure investments, reduce operating costs and reach ambitious decarbonization goals while making the most of every opportunity offered within the IRA.