How to claim clean energy tax credits and rebates
The process for claiming clean energy tax credits and incentives depends on the type of credit you’re seeking, as some credits require a thorough application that details the qualifying investment, while others simply require filing a tax form.
For example, to claim the advanced energy project credit, applicants typically go through a four-step review process that the U.S. Department of Energy must approve. But for the qualified commercial clean vehicle credit, just one taxpayer from the business needs to fill out Form 8936, per the IRS.
In addition, the IRA created options for businesses to monetize tax credits generated by their projects: direct pay and transferability. To the extent credits are otherwise available, the OBBBA preserved the option for energy project owners and sponsors to use both.
Direct pay
The direct pay…
