Agency: Department of the Treasury

Agency: Department of the Treasury   Description: Tax credit for certain electric and hydrogen powered fuel cell commercial vehicles Bill Section: 13403 US Code: 26 USC 45W New or Existing: New Potential Cost:      $3,583,000,000 Timeline:      2023 – 2032   TCS Notes: Businesses and tax-exempt organizations that buy a qualified commercial clean vehicle may…

Agency: Department of the Treasury   Description: Tax deduction of for the cost of energy efficient commercial building property, calculated by the size of the building. Bill Section: 13303 US Code: 26 USC 179D New or Existing: Existing Potential Cost:      $362,000,000 Timeline:      Property placed in service in 2023 and after   TCS Notes:…

Agency: Department of the Treasury   Description: Tax credit of 30% for individuals implementing “qualified energy efficiency improvements” for certain “residential energy property expenditures” and home energy audits. Bill Section: 13301 US Code: 26 USC 25C New or Existing: Existing Potential Cost:      $12,451,000,000 Timeline:      2022-2032   TCS Notes: Qualified Energy Efficiency Improvements includes…

Agency: Department of the Treasury   Description: Investment tax credit for small-scale solar and wind facilities in low-income communities. Bill Section: 13103 US Code: 26 USC 48(e) New or Existing: New Potential Cost:      N.A. Timeline:      2023 to until 48E(h) becomes available   TCS Notes: Cost rolled into score of Sec. 13101, Renewable electricity…

Agency: Department of the Treasury   Description: Tax credit for solar, geothermal, fuel cell, microturbine, combined heat and power, wind, and waste energy recovery property; plus new provisions for energy storage technology, biogas, and microgrid controllers. Bill Section: 13102 US Code: 26 USC 48 New or Existing: Existing Potential Cost:      $14,000,000,000 Timeline:      Beginning…

Agency: Department of the Treasury   Description: For closed- and open-loop biomass (latter includes livestock waste) facilities, landfill gas or trash facilities, qualified hydropower, marine and hydrokinetic, wind, and geothermal or solar energy. Also known as the Production Tax Credit (PTC) and Investment Tax Credit (ITC). Bill Section: 13101 US Code: 26 USC 45(d) and…

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: $1.01/gallon tax credit for production of cellulosic based biofuel. Bill Section: 13202 US Code: 26 USC 40 New or Existing: Existing Potential Cost:      $540,000,000 Timeline:      Calendar years 2022-2024 (2022 is retroactive). Cost projection is for FY23-25.   TCS Notes: The cellulosic biofuel industry was intended to…

Agency: Department of the Treasury   Description: Credit for eligible projects, including but not limited to investments reequipping, expanding or establishing industrial or manufacturing facilities for production or recycling of certain renewable energy, renewable fuel (defined as low-carbon and low-emission), electric grid equipment, CCS, energy conservation and storage, energy efficiency, certain hybrid, fuel cell, and…

Agency: Department of the Treasury   Description: Tax credit for manufacturing components related to wind and solar, batteries, and minerals Bill Section: 13502 US Code: 26 USC 45X New or Existing: New Potential Cost:      $30,600,000,000 Timeline:      2023 – 2032 overall but different requirements in statute including phase-out   TCS Notes: $4.6 billion of…