ARTICLE | June 22, 2023
The IRS and the Department of the Treasury have recently released new guidance related to the monetizing of energy credits. The guidance includes temporary and proposed regulations for using direct pay and transferability to monetize certain Federal income tax credits, providing new opportunities for non-taxpaying and taxpaying entities to monetize the economic benefits of clean energy credits. The article examines the recent developments in the regulations and their implications for taxpayers looking to monetize energy credits. These regulations may create or reduce barriers for certain energy credit monetization options, so it is important for taxpayers to carefully consider the rules and consult with an advisor. To learn more about the proposed and temporary regulations related to the monetizing of energy credits, click the link below.
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