News Analysis

Be Prepared: The IRA Eliminates the Tech-Based ITC in Just Over a Year

Beginning in 2025, electricity-producing facilities will need to achieve zero emissions to claim the Investment Tax Credit, making the eligibility of several currently funded technologies uncertain.

This article has been prepared for informational purposes only; it is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your firm’s tax, legal, and accounting advisors before engaging in any transaction.​​

Just as project teams have started to get a handle on the huge decarbonization and resilience incentives of the Inflation Reduction Act (IRA), one of the law’s most significant provisions for the building industry is about to radically change.

Published December 4, 2023

Waters, E. (2023, November 21). Be Prepared: The IRA Eliminates the Tech-Based ITC in Just Over a Year. Retrieved from https://www.buildinggreen.com/news-analysis/be-prepared-ira-eliminates-tech-based-itc-just-over-year