May 9, 2022
IRS corrects 2022 inflation adjustments for renewable energy production tax credits
The IRS has issued a correction (Notice 2022—09695) to its recently issued 2022 inflation adjustment facts and reference prices for the IRC Section 45 production tax credit (PTC) for qualified energy sources (Tax Alert 2022-0699).
The corrected inflation adjustment factor for calendar-year 2022 is 1.7593 (not 1.8012).
The corrected PTC for 2022 is: