Category: IRA
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Low Emissions Electricity Program: Assessment
Agency: Environmental Protection Agency Description: To assess, not later than 1 year after the date of enactment of this section, the reductions in greenhouse gas emissions that result from changes in domestic electricity generation and use that are anticipated to occur on an annual basis through fiscal year 2031. Bill Section: 60107(a)(5) US Code:…
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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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Sustainable Aviation Fuel Credit
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%…
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Clean Electricity Investment Credit
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…
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Zero-emission Nuclear Power Production Credit
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…
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Clean Electricity Production Credit
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…
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Fueling Aviation’s Sustainable Transition Grant Program: Low-Emission Aviation Technologies (FAST-Tech)
Agency: Department of Transportation Description: A competitive grant program for projects that “develop, demonstrate, or apply low-emission aviation technologies,” which are defined as technologies that significantly improve aircraft fuel efficiency, increase the utilization of sustainable aviation fuel, or reduce greenhouse gas emissions. Bill Section: 40007(a)(2) US Code: 49 USC 44504 New or Existing: New…
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Clean Fuel Production Credit
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…
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Fueling Aviation’s Sustainable Transition Grant Program: Sustainable Aviation Fuel (FAST-SAF)
Agency: Department of Transportation Description: A competitive grant program for projects that “produce, transport, blend, or store sustainable aviation fuel.” Bill Section: 40007(a)(1) US Code: 49 USC 44504 New or Existing: New Potential Cost: $244,530,000 Timeline: FY22-26 TCS Notes: Requires land use change to be incorporated into GHG emission modeling; eligible…
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Clean Vehicle Credit
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…