To incentivize investment in clean or renewable energy, the Inflation Reduction Act of 2022 (IRA) created federal income tax credits available to investors in eligible clean or renewable energy projects. These credits are attractive to investors as they are transferrable, meaning that they can be sold by the entity generating the credits. But buyer beware, there are pitfalls abound! This program will explored the IRA credit and uncover the traps associated with transfer of these credits, including credit recapture, and state tax implications.