Energy Tax Credit Guidance Comes as Transfer Market Takes Off

The Treasury Department and IRS are working fast to pump out rules for energy tax credits to cement gains from the 2022 tax-and-climate law known as the Inflation Reduction Act, government officials said Saturday.

The agencies have issued 64 pieces of guidance in the two years since the law passed, with a lot more to come, said Treasury Department Deputy Assistant Secretary for Tax and Climate Policy Seth Hanlon.

“There’s 20 different, separate tax incentives created or modified—and that doesn’t include bonus provisions, and that doesn’t include elective pay or transferability credit monetization mechanisms,” Hanlon said at an ABA ...