Inflation Reduction Act: Domestic content safe harbor alternatives and waiver opportunities

Domestic content safe harbor alternatives have been created to eliminate the need of reaching out to vendors for costing information for certain energy projects by using defined percentages developed by the Treasury.

Direct-pay recipients may face reductions to their Investment Tax Credit (ITC) if domestic content requirements are not met starting in 2024. There are currently two waivers available that, if met, will allow the direct-pay recipients to avoid the reduction.

Tune into this on-demand Baker Tilly webinar to hear about the domestic content bonus requirement and how organizations can take advantage of the safe harbor alternatives and waiver opportunities that have been made available. Viewers will also learn about:

• Safe harbor alternatives allowed for calculating domestic content
• Methods to effectively utilize the safe harbor alternatives
• How to identify waiver opportunities available for direct-pay recipients
• Approaches to ensuring waivers are adequate and contain sufficient documentation
• Recently released guidance from the U.S. Department of the Treasury and IRS

This is part two of Baker Tilly’s Inflation Reduction Act domestic content compliance webinar series. Understand the basics of domestic content by watching our September 2024 on-demand webinar.

This on-demand webinar is intended for procurement professionals, internal audit professionals, facility administrators, CFOs, COOs, directors of capital projects, project professionals and other professionals involved in manufacturing products, construction project management and facilities development.

For more information on this topic, or to learn how Baker Tilly Inflation Reduction Act tax credit specialists can help, contact our team.