Talking ESG: Taking advantage of Inflation Reduction Act incentives

PwC's accounting podcast

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While the Inflation Reduction Act (IRA) was enacted into law in 2022, the Department of the Treasury continues to provide guidance to taxpayers on how to utilize the provisions of the law. Such guidance has been issued with increasing volume in recent months. In this episode, host Heather Horn sits down with Matt Haskins, principal in PwC's Washington National Tax Services office who focuses on renewable energy transactions, to discuss the latest IRA guidance and the implications for businesses.
In this episode, we discuss:

• 2:18 - Highlights of recent updates regarding the IRA and a look ahead at the political landscape
• 7:14 - Clarifications on the prevailing wage and apprenticeship and domestic content requirements (and an update on additional guidance released by the IRS related to the Domestic Content Bonus Credit)
• 20:52 - Updates on the transferable tax credit market and activities
• 28:25 - Final regulations on transferability of energy credits
• 32:21 - The latest news on “green” hydrogen requirements
• 42:55 - Guidance on sustainable aviation fuel and its potential impact on the aviation industry
• 45:41 - Final electric vehicle regulations and their implications for the automotive industry
• 49:30 - Advice for companies looking to maximize the benefit of the IRA

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Matt Haskins is a principal in PwC’s Washington National Tax Services, 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 the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [e-mail].

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1. Talking ESG: Taking advantage of Inflation Reduction Act incentives (00:00:00)

2. Highlights of recent updates regarding the IRA and a look ahead at the political landscape (00:02:18)

3. Clarifications on the prevailing wage and apprenticeship and domestic content requirements (and an update on additional guidance released by the IRS related to the Domestic Content Bonus Credit) (00:07:14)

4. Updates on the transferable tax credit market and activities (00:20:52)

5. Final regulations on transferability of energy credits (00:28:25)

6. The latest news on “green” hydrogen requirements (00:32:21)

7. Guidance on sustainable aviation fuel and its potential impact on the aviation industry (00:42:55)

8. Final electric vehicle regulations and their implications for the automotive industry (00:45:41)

9. Advice for companies looking to maximize the benefit of the IRA (00:49:30)