Maximize IRA incentives with QBi’s document management feature
In a significant move to bolster domestic manufacturing and clean energy investments, the U.S. Department of the Treasury and the IRS have released additional guidance on the Inflation Reduction Act’s (IRA) domestic content bonus. This initiative aims to incentivize the use of domestically produced materials in renewable energy projects by offering an additional 10% tax bonus to projects that meet specific domestic content requirements. However, navigating these requirements necessitates meticulous documentation and robust management systems to ensure compliance and capitalize on the incentives.