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Utility University: IIJA and IRA: evolving processes, approaching deadlines and what else your utility needs to know
October 22, 2024 @ 1:00 pm – 2:00 pm EDT
Over the past several years, the United States has allocated funding for infrastructure and clean energy projects at never-before-seen levels.
The Infrastructure Investment and Jobs Act (IIJA) is halfway through its five-year program to infuse $1.2 trillion into improving U.S. infrastructure. Find out how IIJA funding has rolled out compared to what was initially expected. Utilities and other public sector organizations can still apply for some of the funding opportunities so it’s important to be aware of the latest guidance and requirements.
Meanwhile, a significant milestone approaches for the Inflation Reduction Act (IRA), through which tax-exempt organizations can obtain tax credit funding through direct payments for qualifying clean energy or efficiency projects. Construction for any projects seeking IRA clean energy tax credits must begin before December 31, 2024 to be eligible for the existing investment and production tax credits (before the new “Technology-Neutral” tax credits come into effect). Join us to dive into tax credit expiration dates, begin construction rules for the IRA, and actions to take now to protect tax credit value.
Learning objectives
- Develop a baseline knowledge of the relevant funding sources available through recent historic infrastructure and clean energy investment legislation
- Learn how not-for-profit and public utilities can now have access to funding through a variety of funding sources, including tax credits, under the IRA
- Understand what you can do to ensure you won’t miss out on key sources of funding for upcoming projects
Presenters
Dan La Haye, CPA | Senior Manager, Baker Tilly
Drew Davidhizar | Senior Manager, Baker Tilly Municipal Advisors
Bill Gabbard, CPA | Manager, Baker Tilly Municipal Advisors
Who should attend
Leadership and professionals from municipal utilities, public utility districts, tribal utility authorities, and state, local and tribal governments responsible for capital budgeting, community development and long-term resource planning
