Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Schultz: IRA creates standalone storage ITC and 2023 advanced manufacturing credits

Kayla Schultz · How the US climate bill will finance the energy transition [partner content] · Oct 24, 2022 · at 10:47

Kayla Schultz, clean energy finance expert at CohnReznick, explains the new energy storage tax incentives provided under the U.S. Inflation Reduction Act.

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“Standalone storage can now claim the investment tax credit, and then there's also a new advanced manufacturing production credit that will go into effect in 2023, and that includes some provisions for equipment manufactured for energy storage.”

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The claim, plainly

Under the Inflation Reduction Act, standalone energy storage is eligible for the Investment Tax Credit and a new advanced manufacturing production credit for storage equipment goes into effect in 2023.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Both components of Kayla Schultz's statement are accurate under the Inflation Reduction Act of 2022 (Public Law 117-169). Section 13102 amended Internal Revenue Code Section 48 to include standalone energy storage technology as qualifying energy property eligible for the Investment Tax Credit (effective for property placed in service after December 31, 2022). Furthermore, Section 13502 established the Section 45X Advanced Manufacturing Production Credit, which went into effect for eligible clean energy components—explicitly including battery and energy storage components such as battery cells, modules, and electrode active materials—produced and sold after December 31, 2022 (taxable years beginning in 2023).

Inflation Reduction Act (Public Law 117-169), Section 13102, codified at 26 U.S.C. § 48(a)(3)(A)(ix) and § 48(c)(6), adding standalone energy storage technology to the Section 48 ITC for property placed in service after December 31, 2022.
Inflation Reduction Act (Public Law 117-169), Section 13502, codified at 26 U.S.C. § 45X, establishing the Advanced Manufacturing Production Credit for domestic clean energy components, including battery and energy storage equipment, effective for components produced and sold after December 31, 2022.
Department of the Treasury and IRS Treasury Decisions 10010 (Section 45X final regulations) and 10015 (Section 48 final regulations) confirming eligibility and effective dates.

Checked against

[1] irs.gov [2] govinfo.gov [3] cornell.edu [4] solarinfopath.com [5] ca.gov [6] federalregister.gov [7] pwc.com [8] bracewell.com

IRS Section 45X Advanced Manufacturing Production Credit effective date battery storage "Public Law 117-169" "13102" "13502" "45X" "energy storage" IRS "energy storage technology" Section 48 Inflation Reduction Act 2023 "Inflation Reduction Act" "energy storage technology" "Section 48" "Section 45X" "December 31, 2022"

assessed as of 2026-09-02

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Mentioned

advanced manufacturing production credit Inflation Reduction Act Investment Tax Credit standalone storage

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