Inflation Reduction Act of 2022 – Energy Provisions and Related Tax Credits

A&O Shearman
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On July 30, 2022 the U.S. House of Representatives passed The Inflation Reduction Act of 2022. The bill includes notable revisions to many of the green energy items addressed in our prior publications and specifically targets lower energy costs, increase in cleaner production, and reduction of carbon emissions by roughly 40% by 2030.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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