Blog - Empower Energies

October 14, 2022

The Inflation Reduction Act Contains a Crucial Upgrade for the Investment Tax Credit

The signing of the Inflation Reduction Act in August 2022 was historic for the renewable energy industry, and we have outlined some of the highlights in our previous blog post. But the ITC wasn’t just extended, it was expanded as well, adding the ability to capture the 30% ITC for interconnection costs for projects under 5 MWac.

Inflation Reduction Act: how it will reshape the American energy landscape

With the approval of Congress, President Biden has now signed the Inflation Reduction Act (IRA) into law, calling it "the largest investment ever in combatting the existential crisis of climate change."

Project Spotlight: 3.6 MW Solar Rooftop and Parking Canopy in AZ Exceeds Performance Estimates

As part of our series, Empower Project Spotlight, we are sharing details from projects past and present to shed a spotlight on their development process, results, and/or impact on climate change. We hope that these project success stories will inspire others to take the leap and start their clean energy journey.