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The just-passed landmark Inflation Reduction Act (the Act) provides numerous opportunities for organizations to cost-effectively meet their ESG and other sustainability goals. The Act also provides many opportunities for clean energy project developers and manufacturers of clean energy equipment to lower their costs and increase their business. The combination of several clean energy and manufacturing tax credits, important new options for receiving or transferring most of these credits, and billions of dollars in new or expanded grant opportunities can allow organizations to dramatically lower the cost of meeting their sustainability goals and implementing energy efficiency and clean energy improvements, thereby also significantly lowering their operating costs. Likewise, clean energy developers and manufacturers can take advantage of the numerous incentives under the Act to significantly lower costs and dramatically grow their business opportunities.
Below is a list of some of the key opportunities the Act provides:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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