Renewable Electrification

Advanced Industrial Facilities Deployment Program

The Advanced Industrial Facilities Deployment Program (AIFDP) was introduced through the Inflation Reduction Act (IRA) in 2022. The program provides competitive funding to owners or operators engaged in energy-intensive industrial processes for projects that significantly reduce greenhouse gas emissions. This support is intended to demonstrate

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Section 48E Clean Electricity Investment Credit

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

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Section 45 Production Tax Credit (PTC)

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.

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Section 45Y Clean Electricity Production Credit

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

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Section 48C Advanced Manufacturing Tax Credit

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

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Renewable Portfolio Standard

The Connecticut Renewable Portfolio Standard (RPS) is a state policy that requires electric providers to offset a specified percentage or amount of the energy they generate or sell by purchasing renewable energy credits (RECs) from renewable sources. This policy creates a financial incentive for the

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Scale for ClimateTech

Scale for ClimateTech aims to help cleantech startups overcome manufacturing obstacles keeping their products from fulfilling untapped market demands. To do so, the Scale for ClimateTech program will help New York entrepreneurs partner with manufacturers and scale up locally made products that enable cleaner, more efficient,

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