The Sec. 48E Clean Electricity Investment Credit was introduced through the Inflation Reduction Act in 2022. This section is technology-neutral, qualifying any facility used to generate electricity for which the greenhouse gas emissions rate is not greater than zero. Prior to IRS guidance, the text
The Sec. 45 Production Tax Credit (PTC) was extended by the Inflation Reduction Act in 2022. This credit is equal to 0.3 cents per kilowatt hours of electricity produced from qualified energy resources, and 1.5 cents for facilities that meet prevailing wage and apprenticeship requirements.
The Sec. 45Y Clean Electricity Production Credit was introduced through the Inflation Reduction Act in 2022. It effectively replaces the Sec. 45 Production Tax Credit starting in 2025 and aims to provide a technology-neutral incentive for clean electricity production and zero-carbon combined heat and power
The Sec. 45X Advanced Manufacturing Production Credit was introduced through the passage of the Inflation Reduction Act in 2022 and incentivizes the domestic production of various clean energy components. The tax credit amount varies depending on the type of eligible component produced and sold and
The Sec. 48C Advanced Manufacturing Credit was replenished and expanded by the Inflation Reduction Act in 2022. Available funding totals $10 billion, with $4 billion designated to Energy Communities. Eligibility has been expanded from facilities producing various renewable technologies or fuels to investments in any
The Inflation Reduction Act of 2022 created the Sec. 45V tax credit for clean hydrogen produced in the U.S. through the passage of the IRA. The base credit of $0.60 per kg of clean hydrogen can be multiplied by a 5x bonus credit when satisfying
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The Renewable Thermal Collaborative (RTC) is the global coalition for companies, institutions, and governments committed to scaling up renewable heating and cooling at their facilities, dramatically cutting carbon emissions.Â
