policy
IRA
Also known as: Inflation Reduction Act
US legislation passed in 2022 providing tax credits and incentives for renewable energy projects and US-domestic manufacturing.
The Inflation Reduction Act (IRA) is US legislation enacted August 2022 providing tax credits (Investment Tax Credit, Production Tax Credit) and incentives for renewable energy projects, with bonus adders for projects meeting domestic content, energy community, and low-income requirements. Treasury's January 2026 final rules tightened the cell-sourcing requirements for the 10% domestic content adder.
Related terms
- Domestic Content Requirement — Policy mandating that a minimum percentage of equipment in a renewable project b…