New CET Measure Table Field Added: UnitTaxCredits
We need to add a cost category to the CET to capture IRA tax credits. This must be in-place so that PAs can include them in the MCALs/2026-27 budget filings and claims CE.
PAs need to tell their implementers that IRA tax credit information must be collected.
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Comments6
cedars team
Apr 8, 2025
I’ve changed the status of this from no fixed required to planned per the email about the May 1st release.
“New CET Measure Table Field Added: UnitTaxCredits
Using a new UnitTaxCredits field in the CET Measure table, users may include Inflation Recovery Act tax incentives for energy to the cost calculation to capture the additional benefits of measures eligible for IRA tax credits. The CET will sum UnitTaxCredits values with other benefits in the TRC calculation to reflect the way IRA credits have factored into potential and goals research. This new field is required for the data input specification but may be left blank.
Given the uncertainty of the IRA credits in the future, program implementers should work with their program administrator to determine appropriate values to include in this new field.”
jvrz@pge.com
Apr 4, 2025
@Jennifer Scheuerell @Amyreardon Just to capture what was discussed yesterday:
The 2025 P&G study redline now says that tax credits will be captured as benefits (same link as Mendota posted). We need to stick to the same method as the P&G study.
We will add a new field to capture tax credits in the CET. I’d suggest UnitTaxCredits as the field name.
The CET will need to include Tax Credits in the TRC benefits (numerator)
The CET will need to not include Tax Credits in the PAC benefits, RIM benefits, and SCT Benefits.
TSB should also not include the tax credits.
Jennifer Scheuerell
Mar 18, 2025
The call was made to report IRA tax credits under the existing UnitMiscBens field and to make explicit in the MiscBensDesc text field that it is IRA tax credits.
mendotagroup
Mar 18, 2025
Thank you for the update. How does the UnitMiscBens field flow into the TRC? Can you point to a formula that shows the calculation (asking because it would seem best to have the IRA incentive reduce measure cost).
mendotagroup
Jan 17, 2025
Agree it’s important for implementers to collect IRA (and other) tax credit information - although D. 23-08-005 requires collection to help determine influence (so, NTG, not direct costs or benefits) - is there another CPUC requirement to collect this data?
Question is how tax credits should be incorporated into CET (separate column in measure.csv file) and included in calculations (as a reduction to measure costs or as a benefit - as indicated in the CPUC 2025 PG Study Work Plan redline.pdf (p. 27).
Tax credits not included in the SCT as provided by the Standard Practice Manual and D. 24-07-015.
akulka
Jan 9, 2025
Propose naming this field Federal Tax Credits