Energy industry

Accountants can transform renewable energy incentives from the Inflation Reduction Act into a strategic financial opportunity for their clients.

The Trump administration has been rapidly backing away from the various green energy tax incentives offered under the Biden administration.

A $400 billion green bank for clean energy projects and a consumer tax credit for electric vehicles are being reviewed under a government-wide spending freeze.

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.

If your clients thinking of buying an electric car or an energy-saving heat pump eligible for federal tax credits and rebates, now might be the time.

Although no Republicans voted for the measure two years ago, some of its incentives, such as tax credits for producing hydrogen and capturing carbon dioxide, are very popular with oil companies and other core GOP constituencies.

What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, including solar wafers.

Investments in solar installations made are expected to fund the generation of close to 2 billion kilowatt hours of clean electricity each year in underserved places.