Agency: Department of the Treasury

Agency: Department of the Treasury   Description: Tax credit of up to 30% (varying amounts depending on year) for expenditures for certain solar electric, solar water heater, fuel cell, small wind, geothermal heat pump, and battery storage technologies. Bill Section: 13302 US Code: 26 USC 25D New or Existing: Existing Potential Cost:      $22,000,000,000 Timeline:…

Agency: Department of the Treasury   Description: Tax credit of $1.25/gallon or more for aviation fuel meeting certain GHG and other requirements Bill Section: 13203 US Code: 26 USC 40B New or Existing: New Potential Cost:      $490,000,000 Timeline:      2023-2024 (later folds into Clean Fuel Production credit)   TCS Notes: For fuel meeting 50%…

Agency: Department of the Treasury   Description: Phased tax credit for electricity investments “for which the anticipated GHG emissions rate is not greater than zero.” Bill Section: 13702 US Code: 26 USC 48E New or Existing: New Potential Cost:      $50,900,000,000 Timeline:      2025 through phase out beginning in 2032 or the calendar year in…

Agency: Department of the Treasury   Description: Tax credit for electricity produced at qualified nuclear power facilities. Bill Section: 13105 US Code: 26 USC 45U New or Existing: New Potential Cost:      $30,000,000,000 Timeline:      Through 2032   TCS Notes: Duplicative of other federal subsidy programs. Elective Payment and Transferability allowed in certain cases. Other…

Agency: Department of the Treasury   Description: Phased tax credit for zero-emission electricity production Bill Section: 13701 US Code: 26 USC 45Y New or Existing: New Potential Cost:      $11,200,000,000 Timeline:      2025 through phase out beginning in 2032 or the calendar year in which annual GHG emissions from US electricity production are less than…

Agency: Department of the Treasury   Description: Tax credit of $0.20-$1.00/gallon for production of fuels with carbon intensity reductions (less than 50 kilograms of CO2e per mmBTU); sustainable aviation fuel could receive credit of up to $1.75/gallon, with a minimum of $0.35/gallon. Bill Section: 13704 US Code: 26 USC 45Z New or Existing: New Potential…

Agency: Department of the Treasury   Description: Tax credit for the purchase of certain new electric vehicles. Bill Section: 13401 US Code: 26 USC 30D New or Existing: Existing Potential Cost:      $7,541,000,000 Timeline:      2023 – 2032   TCS Notes: Credit of up to $7,500 for the purchase of a qualified plug-in electric vehicle…

Agency: Department of the Treasury   Description: Provides an additional tax deduction for facilities or property qualifying for the Clean Electricity Investment Tax Credit. These facilities or property will be treated as a 5-year property for purposes of cost recovery; meaning, they will be able to deduct from their taxable income the depreciating value of…

Agency: Department of the Treasury   Description: Tax credit for certain energy efficient homes, those meeting the Energy Star requirements or the Zero Energy Ready Home standards. Bill Section: 13304 US Code: 26 USC 45L New or Existing: Existing Potential Cost:      $2,043,000,000 Timeline:      2022 – 2032   TCS Notes: Newly constructed single family…

Agency: Department of the Treasury   Description: Tax credit of 30% of the sale price of a previously owned electric vehicle but no more than $4,000 Bill Section: 13402 US Code: 26 USC 25E New or Existing: New Potential Cost:      $1,347,000,000 Timeline:      2023 – 2032   TCS Notes: Must have a sales price…