IRA packs incentives for healthcare industry

The Inflation Reduction Act of 2022 has brought about the largest investment in clean energy in the history of the United States. The legislation offers a range of tax credits and incentives for businesses, including healthcare organizations, to invest in assets that support decarbonization efforts.

What sets this act apart is that tax-exempt healthcare organizations, including government entities, can now directly receive refunds from the Internal Revenue Service by monetizing these tax credits. With options such as purchasing electric vehicles, installing solar panels, and upgrading to geothermal heat systems, healthcare organizations have the opportunity to earn tax credits and improve their financial position while contributing to clean energy initiatives.

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