Inflation Reduction Act

Inflation Reduction Act

Renewable energy generation and energy efficiency projects may be eligible for incentives under the Inflation Reduction Act of 2022. For-profit entities may receive a tax credit and non-for-profit entities may receive a direct payment from the IRS. Bonus IRA incentives are available for projects that utilize Domestic Content (i.e. Made in America materials), pay prevailing wages and utilize apprenticeship labor, and/or are located in either an Energy Community or a Low-Income Community. 

To determine if your project is located in an area eligible for the Energy Community or Low-Income Community bonus incentives, please check your address against the following maps provided by the U.S. Department of Energy, or contact Richards Energy Group and we will help you find out:

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