Talking ESG: Inflation Reduction Act – act now, anticipate tomorrow

PwC's accounting podcast

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There continues to be a significant amount of activity at a high velocity as it relates to the Inflation Reduction Act (IRA). In this episode, host Heather Horn welcomes back Matt Haskins, principal in PwC's Washington National Tax Services group, who focuses on renewable energy transactions, to discuss the latest IRA developments and what is on the horizon in this election year and beyond. Find out where companies should be focusing their efforts now and how to prepare for any changes that may come. Spoiler alert – stay the course.
In this episode, they discuss:

• 3:30– With even more IRA developments, what companies should focus on now, including transferability of tax credits
• 6:48 – Meeting the prevailing wage and apprenticeship requirements to unlock the full value of the IRA
• 10:57 – Additional IRS guidance on domestic content requirements
• 13:56 – The latest developments on Section 48C credits
• 19:00 – Changes to expect after Election Day
• 31:25 – Impact of the US Supreme Court overturning the Chevron doctrine
• 37:55 – Advice for companies navigating changes in the IRA

Looking for more on renewable energy credits?

• Talking ESG: Taking advantage of Inflation Reduction Act incentives
• In depth: Accounting for Inflation Reduction Act energy incentives
• Obligations, next steps from clean electricity guidance
• Applications open for $6 billion in energy credits
• Certainty, relief in new energy credit rules

For more information on the US Supreme Court overruling the Chevron doctrine:

• Potential tax implications of the US Supreme Court overruling the Chevron doctrine

Matt Haskins is a principal in PwC’s Washington National Tax Services group, focusing on renewable energy financing and M&A transactions. In addition to writing and speaking on issues in the renewable energy industry, Matt has co-chaired the energy and environmental taxes working group for the US Council on International Business and served as a delegate for key energy initiatives of the Organization for Economic Cooperation and Development.
Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [e-mail].

Chapters

1. Talking ESG: Inflation Reduction Act – act now, anticipate tomorrow (00:00:00)

2. With even more IRA developments, what companies should focus on now, including transferability of tax credits (00:03:30)

3. Meeting the prevailing wage and apprenticeship requirements to unlock the full value of the IRA (00:06:48)

4. Additional IRS guidance on domestic content requirements (00:10:57)

5. The latest developments on Section 48C credits (00:13:56)

6. Changes to expect after Election Day (00:19:00)

7. Impact of the US Supreme Court overturning the Chevron doctrine (00:31:25)

8. Advice for companies navigating changes in the IRA (00:37:55)