Now more than ever, organizations are recognizing the significant benefits of the Inflation Reduction Act (IRA) – a groundbreaking piece of federal legislation on energy and the environment, among other topics. It has become a vital component of strategic planning and future success as organizations capitalize on the financial benefits it offers across industries to fund investment in a sustainable future.
KPMG LLP’s study indicates that there is strong interest in leveraging the IRA benefits in long term planning and that organizations perceive it as a key source of competitive advantage. To realize the full scope of the IRA’s financial benefits, organizations are investing in internal upskilling, related data analytics, and advice from outside experts in sustainability and tax.
The study examines, in detail, which of the many IRA’s sustainability provisions organizations are leveraging most. It also delves into the new marketplace of buying and selling tax credits, where many organizations require extensive third-party guidance and support as they navigate this new landscape.
While the IRA may seem complex at first, the study reveals the IRA offers organizations the chance to invest in a sustainable future while simultaneously benefiting their bottom lines.
