June 19, 2024
The Inflation Reduction Act (IRA) has been a hot topic in the energy industry in recent months, sparking broader discussion about its impacts and opportunities. As companies and organizations look to join the renewable energy movement, understanding the nuances of the IRA is crucial.
A recent study found that investment in renewable energy Projected to increase by 25 percent The incentives offered by IRAs underscore the importance of this law.
What exactly do IRAs mean for new entrants into the energy market, and how can you navigate their complexities to maximize your benefits?
Moss Adams Podcast Part 2 Matt Caden, President in Moss AdamsHost Michelle Dawn Mooney continues the conversation, exploring the answer to this question.
Mooney and Kayden further discussed the following:
- IRAs will bring an influx of new participants into the energy market, including nonprofits, large corporations, small financial institutions, and fintech startups.
- We compare the traditional tax fairness approach with the new transferable credit market and discuss the advantages and disadvantages of each.
- The impact of project size on tax fairness and transferable credit selection, highlighting the efficiency and cost-effectiveness of each approach.
Matt Cayden is a Managing Director at Moss Adams and has been a key advisor to the energy sector for over 10 years. His expertise spans a range of renewable energy projects and guiding market participants through the complexities of the energy transition and renewable energy investments. Cayden’s extensive background and industry accolades make him a leading figure in understanding the impact of IRAs for both new and established entrants in the energy market.
Article by Alexandra Simon.
