New and enhanced energy tax credits for individuals /
Shannon Veyon Jemiolo and Curtis Farnsel
- Vol 238 (5) pages 34-40 : illustrations ; 27 cm
The Inflation Reduction Act of 2022, P.L. 117-169, is widely considered the most important U.S. legislation to date to combat climate change. The act includes two dozen tax provisions designed to accelerate the deployment of clean energy. While most of these provisions are aimed at corporations, many provisions are designed to encourage individual households to invest in energy-efficient improvements. This includes both the extension of some existing energy-related credits and the creation of some new credits that support individuals' transition to energy efficiency in their homes and vehicles. While many of these credits became available in 2023, the need for expertise in individual energy credits is just beginning.