Category: IRA
-
Greenhouse Gas Reduction Fund: Solar for All Program
Agency: Environmental Protection Agency Description: Grants to states, territories, Tribal governments, municipalities, and eligible nonprofits to provide funding and technical assistance, including workforce development and community outreach, to residential rooftop solar projects and residential-serving community solar projects in low-income and disadvantaged communities. Bill Section: 60103(a)(1) US Code: 42 USC 7434 New or Existing: New…
-
Increase in Energy Credit of Solar and Wind Facilities Placed in Service in Connection With Low-Income Communities
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…
-
Renewable electricity investment tax credit (ITC)
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…
-
Renewable electricity production tax credit (PTC)
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…
-
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:…
-
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%…
-
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…
-
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…
-
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…
-
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…