Author: admin
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Residential Clean Energy Credit
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:…
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Drought Mitigation
Agency: Department of the Interior-Bureau of Reclamation Description: Grants, contracts, or financial assistance agreements to complete short-term bridging actions and longer-term durable actions to protect the Colorado River and the 40 million people it serves and possibly other basins experiencing a comparable level of long-term drought, such as the Sacramento-San Joaquin, Klamath, and Rio…
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National Park System Deferred Maintenance
Agency: Department of the Interior-National Park Service Description: For priority deferred maintenance projects in the National Park System. Bill Section: 50224 New or Existing: Existing Potential Cost: $200,000,000 Timeline: FY22-26
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Advanced Energy Project Credit
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…
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Advanced Manufacturing Production Credit
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…
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Biodiesel tax credit
Agency: Department of the Treasury Description: Tax credit of $1/gallon for biomass-based diesel (biodiesel and renewable diesel) fuel, plus tax credit for alternative fuels Bill Section: 13201 US Code: 26 USC 40A New or Existing: Existing Potential Cost: $5,600,000,000 Timeline: Calendar years 2023-2024, with costs incurred in FY23-25 TCS Notes: Most…
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Alternative Fuel Refueling Property Credit
Agency: Department of the Treasury Description: Tax credit for certain fueling equipment for 85% ethanol, natural gas, compressed or liquified natural gas, liquefied petroleum gas or hydrogen; 20% (or more) biodiesel; or electricity. Bill Section: 13404 US Code: 26 USC 30C New or Existing: Existing Potential Cost: $1,700,000,000 Timeline: 2022 – 2032…
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CCS/45Q tax credit
Agency: Department of the Treasury Description: Tax credit for carbon oxide captured and sequestered. Bill Section: 13104 US Code: 26 USC 45Q New or Existing: Existing Potential Cost: $3,200,000,000 Timeline: Through 2032 TCS Notes: The Joint Committee on Taxation (JCT) estimated that the IRA’s expansion of the 45Q tax credit would…
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Cellulosic tax credit
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…
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Domestic Water Supply Projects
Agency: Department of the Interior-Bureau of Reclamation Description: To provide up to 100 percent of the cost of planning, design, or construction of water projects with the primary purpose of providing domestic water supplies to disadvantaged communities or households that do not have reliable access to domestic water supplies. Bill Section: 50231 New or…