WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 156
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Conclusion
The continuous development and implementation of
advanced technologies are essential to overcoming
current obstacles in the clean energy transition.
Investing in innovative solutions can enhance grid
capacity, improve supply chain resilience, and
streamline project implementation.
Navigating the risks associated with tax credits is
crucial for sustainable growth. Companies must
focus on understanding compliance, 昀椀nancial, and
performance risks to leverage tax credits e昀昀ectively.
How do you think the market is
evolving with respect to
implementing projects under the
Inflation Reduction Act?
“Entities are eager to implement projects that will trigger the various
tax incentives from the Inflation Reduction Act, but face challenges
as we wait for continued IRS guidance on how best to comply with
the new legislation.
Abby Massey, PE, LEED AP
VP of Energy Incentives, TaxTaker
email abby@taxtaker.com
There are many opportunities to increase the value of these powerful
incentives, but the complexities of these requirements call for
experience and feedback to ensure projects are meeting the intent
of the legislation. For many, these 'gray zones' in the law provide risk
when claiming and selling large credits.
Despite these uncertainties, engaging the right expertise early on
the project allows organizations to navigate these risks while
also maximizing the value of these incentives."
WEMO 2024
Collaboration among local governments, public
utilities, and private entities is necessary to drive the
expansion of electric generation and transmission
lines.
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