The 2022 Inflation Reduction Act (IRA) expanded the Section 48 federal tax credit for installing renewable or recoverable property in 2023 & after.
Eligibilty | Federal Tax Credit |
Property Owners/Developers | Transerfable |
Government Building Owners | Paid directly by the IRS |
Tax-Exempt Building Owners | Paid directly by the IRS |
IMPORTANT: Certain planning, development, design, engineering, and construction soft costs can be allocated to the cost of qualifying property, increasing the tax credits. Have someone like BRAYN properly segregate these costs to maximize your benefit.
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