CHIPS Act Deep Dive Part 5: New Ways to Monetize Energy Tax Credits for the Industrial Industry

The conversation continues with Matt Brady, Cherry Bekaert’s Industrial Industry Leader, and Ron Wainwright, Strategic Tax Partner in our Tax Credits and Incentives Advisory group, as they unpack how to capitalize on industrial energy credits. Tune in for the fifth installment of Cherry Bekaert’s Deeper Dive Into New Ways to Monetize Energy Credits for the Industrial Industry regarding industry credit updates and best practices

In this podcast episode, our knowledgeable team takes a closer look at the American Manufacturing Credit and Manufacturing Production Credit within the CHIPS Act. Listen in to learn more about: 

• CHIPS Act and IRA background
• Implications to Manufacturers – Investment Tax Credit (48C) and Production Tax Credit (45X) 
• New Direct Pay Option and Eligible Credits
• Transferable Credits
• Direct Pay and Transferable Credits 

Related Guidance

• CHIPS Act Deep Dive Part 1: New Federal Funding for the Industrial Manufacturing Industry 
• CHIPS Act Deep Dive Part 2: Advanced Manufacturing Investment Tax Credit
• CHIPS Act Deep Dive Part 3: American Manufacturing Credit and Manufacturing Production Credit
• CHIPS Act Deep Dive Part 4: Unpacking the Complexities of the Many Tax Credits Under the CHIPS Act and the IRA of 2022

Chapters

• 2:40 CHIPS Act and IRA background
• 6:13 Implications to Manufacturers – Investment Tax Credit (48C) and Production Tax Credit (45X)
• 14:30 New Direct Pay Option and Eligible Credits
• 20:50 Transferable Credits
• 25:55 Direct Pay and Transferable Credits