IRS issues new proposals for IRA renewables tax credits
- Admin
- May 30, 2024
- 1 min read
The article discusses proposed regulations by the US government regarding tax credits for renewable energy and energy storage facilities eligible under the Inflation Reduction Act. It covers guidelines for projects post-2024, Production Tax Credit (PTC), and Investment Tax Credit (ITC) facilities. The regulations define 'qualified facility' criteria, tax credit rates, and invite public comments on these proposals. The Solar Energy sector in the US has seen growth post-IRA but faces challenges like grid constraints and transmission infrastructure investments.
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