The Inflation Reduction Act (IRA) of 2022 is a landmark United States federal law which aims to curb inflation by reducing the deficit while also investing into domestic energy production and promoting clean energy.
Although we are not tax experts and do not provide financial, investment, or tax advice, Stoughton Utilities wants our business
customers to be aware of
these tax credits for clean energy and energy efficiency improvements. We have compiled some resources on the IRA, along with solar and electric vehicle incentives, that we hope you find helpful.
An IRS summary page of tax credits and deductions offered under the IRA, with updates provided as they become available.
The Dane County Office of Energy & Climate Change is sharing resources about the IRA to encourage everyone in Dane County to take advantage of these unprecedented opportunities to go green.
Find federal and state laws and incentives for alternative fuels and vehicles, air quality, fuel efficiency, and other transportation-related topics.
View a current summary from the US Department of Energy of available federal IRA tax credits for the purchase of new equipment and other energy efficiency upgrades. There is also a helpful list of frequently asked questions.
A broad selection of ENERGY STAR certified equipment is eligible for the tax credits. Here you can find additional information about specific technology requirements, a list of qualified equipment, and links to other resources.
The Environmental Protection Agency recently published guidance for businesses, non-profits, educational institutions and state/local/tribal governments for available tax credits.
Instructions for completing IRS Form 5695, which applies to qualified solar electric property costs for residential homes that use solar energy to generate electricity.