Clean Energy Project Funding
The Inflation Reduction Act
By Matthew Bubness
Director
Baker Tilly Municipal Advisors
Jesse Nelson, CPA
Partner
Baker Tilly Municipal Advisors
The Inflation Reduction Act (IRA) is federal legislation that includes billions of dollars of funding for school districts looking to complete eligible energy improvement projects. Find out which projects qualify under the 10-year legislation, how the direct pay tax credits work and the steps to ensure project success.
The Inflation Reduction Act (IRA) is federal legislation that was signed into law in August 2022. It contains billions of dollars of funding for school districts looking to complete eligible energy improvement projects. Example projects include electric vehicles, electric vehicle charging stations, geothermal, thermal energy storage tanks and solar. The IRA overall is a 10-year legislation. However, some tax credits for certain types of energy projects expire sooner than the 10-year time frame.