IRC §48 Tax Deduction

The Inflation Reduction Act of 2022 brought the most significant and transformative renewable energy incentive opportunities to help US businesses manage and substantially reduce their energy costs and improve their energy security. Taking the next step toward enhancing our renewable energy infrastructure, it builds on gains from the American Recovery and Reinvestment Act of 2009. Not just limited to big energy, utility companies, and tax equity investors, the benefits of clean energy are available to any business that consumes electricity in its day-to-day operations.

Types of Qualified Energy Property

• Energy Storage / Batteries placed in service after 2022 (*NEW)

• Microgrid Controllers placed in service after 2022 (*NEW)

• Interconnection Property placed in service after 2022 (*NEW)

• Qualified Biogas Property placed in service after 2022 (*NEW)

• Qualified Small Wind (less than 5 MW output)

• Solar (less than 5 MW output)

• Combined Heat & Power (CHP)

• Waste Energy Recovery Property

• Fiber-Optic Solar Lighting

• Geothermal Heat Pump

•  Geothermal

• Qualified Microturbine

• Qualified Fuel Cell