Clean Energy Industry Eager for Answers to Use Biden Tax Breaks

Energy investors, electric vehicle makers, and equipment manufacturers are in the middle of deciding what questions they need answered from the IRS on the new energy incentives in President Biden’s tax-and-climate law.

Tax advisers say they’re encouraging their clients to be proactive in the conversation about what they need from the agency, but companies may opt to take a wait-and-see approach before making project decisions, heightening the need for guidance to get the full benefit of the law’s $270 billion in tax breaks.

“Not only do we have a lot of effective dates coming up, but taxpayers generally need a ...