Achieving Maximum Value Under the New ITC (Investment Tax Credit) Provisions

How can renewable energy plants achieve maximum value under the new ITC (Investment Tax Credit) provisions?  For starters, one can take advantage of the IRA’s (Inflation Reduction Act of 2022) generous ITC (Investment Tax Credit) provisions.  The ITC offers a base rate of 6% of the cost of certain investments in renewable energy, energy efficiency, and other clean energy technologies. Renewable energy projects can increase this tax credit by up to 30% if all new labor provisions are met.  Additional bonus provisions are also available to taxpayers for the use of “domestic content” (up to 10% – 20%), in addition to facilities located in or serving “energy communities” (another 10% – 20%).

For more than 25 years, Lee Enterprises Consulting has been at the forefront of the bioeconomy. Our highly differentiated market position centers around our deep subject matter expertise in very specialized areas. We help clients minimize technical and economic risk by leveraging best practices in our industries, and we have a long track record of providing insightful analysis and practical advice. Our reputation is unparalleled because we provide a simplified process, with a single point of contact to a diverse international network of proven experts in biofuels, biomaterials, feedstocks, alternative proteins, and existing & emerging technologies. Providing access to over 150 world-renowned bioeconomy experts allows us to create tailored solutions to meet each project’s individual needs.

Our Regulatory, Expert Witness & Specialty Services include assistance with carbon credits & markets, Life Cycle Analysis/GREET, Renewable Identification Numbers (RINS), Low Carbon Fuel Standard (LCFS), expert witness engagements, compliance reporting, environmental compliance, DOE merit reviews, intellectual property (IP) assistance, EPA compliance, process safety & management (PSM), regulatory requirement reviews, OSHA compliance, attestations, benchmarking, BQ9000 preparation, insurance selection & procurement, laboratory testing, operational audits, permitting, and safety training. Please take a look at our experts and the services we provide.  Contact us to find out how you can increase your ITC from a base of 6% up to as much as 70% by taking advantage of the new provisions under the Inflation Reduction Act of 2022. Call us at 1+ (501) 833-8511 or email us for further information.