Webcast overview
The Inflation Reduction Act (IRA) extended, expanded, and brought into the code a broad range of tax incentives for investments in and production of clean energy tax technology. Until now, tax-exempt organizations were generally not able to benefit from clean energy tax incentives. However, the IRA included not only more than $350 million in new and expanded clean energy incentives, but it also added a “direct pay” (refundability) option to many clean energy tax credits so that tax exempt organizations, like colleges and universities, may benefit by receiving cash payments for unused credit amounts. State and local government entities – including public universities - may also take advantage of the IRA’s clean energy incentives.
Please join a panel of KPMG professionals for a webcast providing an overview of the new clean energy incentives, including the new guidance just issued by Treasury and the IRS. We will discuss opportunities for higher education institutions to make use of these new tax benefits for clean energy projects, including:
- Investments in solar, wind, geothermal, and other clean energy generation technologies
- Purchase of alternative fuel vehicles and recharging stations
- Construction of new “green” buildings and rehabilitation of older buildings with energy efficient lighting, HVAC, or certain other systems.
