Dane County promotes clean energy tax credits for businesses
Dane County’s Office of Energy and Climate Change is encouraging Dane County businesses and organizations to apply for clean energy tax credits through the federal Inflation Reduction Act (IRA), according to a report from WMTV NBC-15.
The 2022 IRA provides $370 billion for clean energy and climate action projects, much of which will be available through tax credits. Tax-exempt entities, such as local governments, schools, and nonprofit organizations, will be eligible for the tax credits, according to officials. For-profit businesses are also eligible for the credits that cover up to 30% of the cost of solar, geothermal, and battery storage projects.
The 2020 Dane County Climate Action Plan aims to cut countywide emissions in half by 2030. The new funding from the IRA will help the county achieve this goal by helping entities pursue clean energy projects, from solar installations to electric vehicles.