Inflation Reduction Act: Learn the Benefits for Transportation, Logistics
The Inflation Reduction Act is a game changer for investing in clean energy, offering new tax incentives, and financing opportunities. Just about any organization can benefit, including many transportation and logistics companies.
The Inflation Reduction Act enacted and modified several federal clean energy tax credits and made them refundable and transferable. The range of credit-eligible activities is expansive, covering everything from solar panels to electric vehicles.
The IRA provides tax credits to spur clean energy, domestic manufacturing, economic revitalization, and well-paying jobs. It also creates new opportunities to turn these credits into cash.
Learn how your company can benefit from the Inflation Reduction Act
Interested in learning how your company might benefit? Explore our new Inflation Reduction Act Resource Hub, a detailed webpage explaining the act, its benefits, and how businesses may qualify for tax credits and project financing.
Our team is also hosting a webinar March 7 explaining options for monetizing the IRA’s clean energy credits. Learn more about the webinar and sign up here.
We’ve also published two articles detailing some of the act’s benefit options:
- Inflation Reduction Act Credit Monetization Programs Take Shape
- What Does IRA Credit Transferability Mean for Tax Equity?
How we can help
CLA’s energy tax services team can help your organization navigate the IRA and capture available benefits. Contact us for more information.
Andy is a CPA and trusted advisor with 15 years of experience providing tax, accounting, assurance, and consulting services to transportation industry owners and operators. He is a tax principal with CLA in the Minneapolis, MN office. He also consults with high net worth individuals and owners of closely-held transportation businesses on all aspects of tax planning, estate planning, and retirement planning. Andy is also the tax leader for transportation industry across CLA.
Comments are closed.