On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The IRA is a $370B clean energy and climate investment over the next 10 years.
At Stem, we view the investments within the IRA as transformational for our country, the energy industry, and our many partners and customers. As we continue to accelerate the clean energy transition, we anticipate the legislation will create significant new opportunities for clean energy, storage, and solar projects.
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Disclaimer: This content is preliminary and is provided for informational and planning purposes only regarding the Inflation Reduction Act. This does not constitute legal, tax, regulatory, policy, or other advice or guidance. The provisions in legislative bill text require further clarification and guidance by executive branch, regulatory, and other agencies.
Use this map to determine where to focus your retrofit efforts when capitalizing on the Inflation Reduction Act (IRA) and help make sense of where and how to earn the maximum amount of Investment Tax Credits (ITC) available.
To help you understand the impact of the clean energy provisions in the Inflation Reduction Act, Stem will be adding videos regularly highlighting different topics. Check back for updates or subscribe in the form above to receive the email communications.
Darleen D. DeRosa, VP of Policy & Regulatory Affairs, outlines what’s in the clean energy provisions of the IRA in this video.
Mike Alter, Senior Manager of Product Marketing, explains the direct pay rules for utilities and electric cooperatives and how to prepare to take advantage of the IRA.
Zach Einterz, Director of Product Marketing, describes how customers and partners should expect the IRA to impact their projects – and for retrofits specifically, the types of qualifiers that would make a solar project a good candidate for adding storage.
Tad Glauthier, VP of eMobility, shares how the IRA will create opportunities for fleet operators looking to electrify their vehicles.
Sharifa Dunn, Director of Product Marketing, outlines the eligibility, requirements, adders, and transferability of the Production Tax Credit (PTC) under the IRA.