Inflation Reduction Act Tax Credits

The Inflation Reduction Act (IRA) includes a variety of energy tax credits that were put in place to provide incentives for strengthening domestic supply chains, developing renewable energy technologies and transitioning to renewable energy production. BakerHostetler’s Tax Practice Group provides practical and comprehensive advice to project developers, investors and manufacturers of renewable energy projects and facilities on how to take advantage of the IRA’s tax incentives.

Why BakerHostetler

Our experience covers the technological spectrum of renewable power, energy storage, carbon capture and alternative clean fuels, and aspects of transactions that range from negotiating and planning to executing and operating renewable energy property. Having served at the Department of the Treasury, the IRS, the Department of Justice, the Joint Committee on Taxation and on Capitol Hill, our attorneys have an insider’s perspective on tax legislation, interpretation and application when it comes to our clients.

How We Help Clients

BakerHostetler has cross-functional teams that go beyond tax, and include attorneys with experience in energy regulatory matters, the wage and apprenticeship rules under the IRA, construction law, and business and corporate law. We are well-positioned to provide project developers, investors, and manufacturers with holistic advice and services.

Represent and advocate for a leading manufacturer of structural support systems for solar energy projects before the IRS and the Treasury Department, including with respect to future guidance involving the IRA and Section 45X credits. Also advise client regarding structuring commercial agreements with vendors and suppliers to qualify for renewable energy credits under the IRA.
Work with numerous large U.S.-based parents of a multinational corporate groups with respect to purchases of renewable energy credits, guiding and representing clients through the process involving the one-time transfer of renewable energy credits.
Advise a project sponsor on corporate, tax and securities regulation matters in its process of developing solar and energy storage facilities.
Advising a multinational manufacturer of blades and nacelles on what wind power project developers and sponsors will request, based on the IRA’s investment tax credit provisions, for them to qualify for advanced manufacturing credits under the IRA.
Advise a multinational manufacturer of various solar-related eligible components on matters relating to IRA investment tax credits and the operational issues that they present to the manufacturer.
Represent and advocate for an energy storage solution trade group before the IRS and the Treasury Department, including guiding the trade group through the regulatory process and counseling its leaders by providing insights relating to future guidance.
Defended many historic tax credit transactions, solar tax credit transactions, and other tax credits and related transactions in IRS audits and at IRS appeals.
Represented several public-company investors with respect to settlements with the IRS related to the DC Solar $800M solar credit Ponzi scheme.