The climate and energy-related provisions in the Inflation Reduction Act focus on incentivizing and accelerating renewable energy, accelerating the adoption of electric vehicle (EV) technologies, and improving the energy efficiency of buildings and communities. Many of the proposed provisions would be welcome news and spur development and investment. New provisions related to transferability of certain credits could introduce more options for project developers and sponsors to monetize tax attributes, thus giving them alternatives to tax equity financing. The new rules can be very complex, and it is important for taxpayers to understand the rules and how they apply to their particular projects.