The Inflation Reduction Act

Invest in Clean Energy & Qualify for Tax Incentives

Passed in August 2022, the Inflation Reduction Act (IRA) is the most impactful piece of environmental legislation in this lifetime. It offers more than $370 billion in federal incentives for clean and renewable energy investments, decarbonization, sustainability investments, energy efficiency, and infrastructure upgrades. To date, CMTA projects applying for IRA funding surpass $100 million in tax credits.

The Inflation Reduction Act (IRA) significantly impacts upcoming new building and renovation projects across the country, with the goal of cutting emissions by 40% by 2030. But understanding the application and payback process can be daunting.

As part of the largest investment in climate and energy solutions in American history, one major provision is the extension of tax credits for renewable energy and energy-efficient technologies. Historically, this credit has been unavailable for tax-exempt organizations, but the IRA now extends tax credits for charitable organizations, universities and colleges, private nonprofit and public schools, religious institutions, and state and local governments, among others.

CMTA is uniquely positioned to help clients decipher the benefits offered by the IRA: We not only understand the technologies covered in the IRA, but we also act as the technical expert to maximize the money owners get back from the federal government.

The Inflation Reduction Act applies to the following technologies: