Webinar
Inflation Reduction Act: Understanding the domestic content bonus requirement
Sep 30, 2024 · Authored by Anthony Ollmann, Patrick Fitzsimons
The domestic content bonus credit is a 10% investment tax credit for utilizing domestically manufactured products and steel in qualifying renewable energy projects. Achieving domestic content compliance requires project owners to plan for domestic content from design and procurement through construction documentation, ensuring their projects qualify.
During this on-demand webinar, Baker Tilly presenters detail the nuances of the domestic content bonus requirement, clarification on eligibility and how to take advantage of this bonus. Viewers will also learn about:
- Recently released guidance from the U.S. Department of the Treasury and IRS
- Domestic content requirements for the Production Tax Credit (PTC) and Investment Tax Credit (ITC) for clean energy projects
- The safe harbor alternative to calculate domestic content
- Waiver opportunities for direct-pay recipients
- Expectations from underwriters insuring credit monetization
This on-demand webinar is intended for internal audit professionals, facility administrators, CFOs, COOs, directors of capital projects, project professionals and other professionals involved in construction project management and facilities development at their organization.
For more information on this topic, or to learn how Baker Tilly Inflation Reduction Act tax credit specialists can help, contact our team.
Inflation Reduction Act Tax Credit Solutions
The Inflation Reduction Act (IRA) includes the largest clean energy incentive effort in U.S. history. Find out how your organization can leverage IRA tax credits to save as much as 50% or more on qualifying project costs.
Domestic content
While IRA credits are typically claimed by project owners — often utilities companies — the success of such project’s hinges on a diverse ecosystem of manufacturing and installation companies. Manufacturers must proactively consider the impact of their decisions throughout the value chain and strategically identify avenues to outpace competition.
Related sections
- Construction
- Energy
- Healthcare & Life Sciences
- Higher Education
- Manufacturing & Distribution
- Not-for-Profit
- Private Equity & Portfolio Companies
- Real Estate
- State & Local Government
- Tribes
- Risk Advisory
- Tax
- Agribusiness
- Distribution
- Food & Beverage
- Mobility & Transportation
- Multifamily Housing
- Oil & Gas
- Power & Utilities
- Renewable Energy
- Construction Risk Management
- Development Advisory
- Inflation Reduction Act Tax Credit Solutions
- Municipal Advisory
- Real Estate Advisory Services