Companies Rush to Register 45,500 Clean Energy Projects for Lucrative Tax Breaks in Inflation Reduction Act
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Over 500 companies have registered 45,500 clean energy projects to benefit from tax breaks in the Inflation Reduction Act.
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The projects are focused on wind and solar energy and located across all 50 states.
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The law created lucrative tax credits to encourage emissions-reducing technologies.
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Startups and small companies can now benefit from the tax breaks through new mechanisms.
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Companies have to register projects with the IRS to take advantage of the tax incentives.