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Inflation Reduction Act Resource Center
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In August 2022, the Inflation Reduction Act unlocked $369 billion in incentives for clean energy projects, making it the biggest and most significant climate and energy bill ever passed by the U.S. Congress.
Across practices and disciplines, our finger is on the pulse of the latest developments in IRA-funded programs and projects, informing experience-backed insights that help project developers and investors spot and pursue opportunities.
Pillsbury's collection of IRA resources tracks key incentive developments for energy transition projects and technologies, informing stakeholder strategies as they prioritize project demands and develop plans to pursue incentives, while at the same time weighing complex compliance considerations, such as domestic content requirements and federal program rules. Our insights also help companies seeking to enter the U.S. market take advantage of opportunities made available by the IRA and navigate federal, state and local incentives.
Our latest interactive resource provides a detailed view of all IRA tax credits, organized by technology category. Click below to below to explore the tool.
Inflation Reduction Act FAQ
- What Tax Credits Are Offered by the IRA?
- The IRA typically offers one-time tax credits based on a percentage of a taxpayer’s investment in a qualifying clean energy investment (Investment Credits) and tax credits over a period of years, based on a percentage of a taxpayer’s clean energy production activity (Production Credits).
- What Industries Benefit from the IRA?
- Given the number of tax credits available under the IRA, the associated financial benefits will extend to many industries, including renewable electricity, green hydrogen, sustainable aviation fuels and biofuels, and nuclear energy facilities.
- What Are the Prevailing Wage and Apprenticeship Requirements?
- Most of the tax credits available under the IRA include both a base rate and a “5 times multiplier,” with the latter conditioned on satisfaction of prevailing wage and apprenticeship (PW&A) requirements in connection with the construction, alteration or repair of a qualifying facility.
- What Are Bonus Credits?
- Some renewable energy tax credits, specifically including the ITC, PTC, CEIC and CEPC, offer enhancements in the form of bonus credits (or “adders”) in certain circumstances.
Read more about these and other IRA frequently asked questions.
Resources: Inflation Reduction Act of 2022
The Hydrogen Map
An updated compendium of global hydrogen projects in development