Seeking Greener Pastures: Using Tax Credits to “Green” America

With the Biden administration seeking infrastructure legislation to help make America “greener,” energy tax credits (up to $400 billion in the current plan) are expected to play an important role in incenting private enterprise to comply. This practice note discusses energy tax credits and incentives for businesses, including the investment tax credit, the low sulfur diesel fuel production credit, the energy efficient home credit, the carbon dioxide sequestration credit, the biofuel producer credit, and the I.R.C. § 179D deduction for commercial buildings.

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