The Biden administration's Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) offer significant tax credits for investment in the energy and renewables sectors that will likely be impacted by the 2024 presidential election. Kamala Harris has confirmed that these incentives will remain available should she win in November. 

On the other hand, Donald Trump has stated that he plans to eliminate all unspent funds available under the IRA and focus on maximizing oil and gas production. The resulting uncertainty regarding the continued availability of these credits requires companies contemplating future energy projects to assess the potential impact of a full or partial repeal of the IRA and IIJA on their bottom line. Continue reading >