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Inflation Reduction Act
Welcome to Bracewell’s Inflation Reduction Act Resource Center
When President Biden signed the Inflation Reduction Act of 2022 (IRA) on August 16, the US government made the largest investment in addressing climate change and supporting renewable energy development in the nation’s history. The IRA includes key provisions related to:
- carbon capture and sequestration (CCUS) projects
- hydrogen development
- onshore and offshore wind development
- solar projects
- energy storage
Bracewell is uniquely positioned to provide advice and insight on the opportunities presented by the IRA. Our government relations team was influential in shaping the legislation, and is in constant dialogue with legislative leaders and administrative officials. In addition, our lawyers are unmatched in their knowledge and experience in the energy sector.
General Overview of the Inflation Reduction Act of 2022
On Tuesday, August 16, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law, which includes material changes to various sections of the Internal Revenue Code of 1986, as amended (the Code). The following is a general...