The IRS released guidance on February 13 related to the Inflation Reduction Act of 2022, including the much-anticipated low-income adder to the ITC under section 48(e) for qualified solar and wind facilities. The adder, which can increase the 30% ITC by an additional 10%-20%, authorizes 1.8 GW of dc capacity limitations to be awarded to projects under the program in 2023 and 2024.
Joining the program today is RJ Arsenault of FTI Consulting to discuss this guidance and the different clean energy strategies that developers are deploying to capture the adder and benefit low-income communities.
Arsenault is the managing director in the Power, Renewables and Energy Transition practice and has worked with developers, sponsors, lenders and clients across the entire power supply chain.
FTI Consulting’s Power, Renewables & Energy Transition Practice helps clients across the value chain navigate the energy transition by providing a wide array of advisory services addressing the strategic, financial, operational, reputational, regulatory and capital needs of our clients.