One Big Beautiful Bill Act: Clean Energy Tax Credit Update

The passage of the One Big Beautiful Bill Act (OB3) marks a pivotal moment for clean energy investment. While early fears of a full repeal of the Inflation Reduction Act's incentives proved unfounded, OB3 introduces a measured phase-down of federal tax credits alongside new compliance requirements targeting foreign entities and domestic content.

Despite these changes, the fundamentals of tax equity financing remain strong—transferability is preserved, safe-harbor rules provide runway for near-term projects, and new opportunities have emerged in hydrogen, carbon capture and clean fuels.

Download the memo to understand how Foss & Company is navigating this evolving landscape and why the next 24 months present a critical window for high-value clean energy investment.