The Ledger
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Schultz: IRA expected to drive $300B in incremental clean energy investment
“With the passage of this bill, the renewable technologies is expected to increase by 30% or so, and it's expected to generate upwards of three hundred billion of incremental investment just due to the passage of this bill.”
Schultz: Clients paused clean energy deals to shift from ITC to PTC
“After it passed the Senate, I think there was, you know, some of my clients started putting deals a little bit on pause so they could rerun the numbers. For example, I had one client that was entering into an ITC transaction, had already had most of the negoti…”
Schultz: IRA creates standalone storage ITC and 2023 advanced manufacturing credits
“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.”