The ITC for Renewable Energy is a federal tax credit that provides incentives for businesses and individuals to invest in renewable energy systems, such as solar, wind, geothermal, and biomass. The credit can be claimed by taxpayers who invest in qualified renewable energy projects, including biogas systems that produce energy from organic waste materials.
The ITC for biogas systems can be worth up to 30% of the cost of the eligible property and equipment, including any installation costs. To qualify for the credit, the biogas system must be placed in service by a certain date and meet certain technical and efficiency standards.
This webinar will overview how Jenbacher Gas Engines help CHP projects to take advantage of the Inflation Reduction Act.
Key Learning Objectives:
- Receive an overview of Inflation Reduction Act (IRA) Investment Tax Credit (ITC) extension to 12/31/2024
- Discuss IRA ITC extension beyond 01/01/2025 for Technology Neutral Zero Emission
- Learn about other relevant Tax Credits in the IRA
