Category: IRA
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Clean Heavy-Duty Vehicle Program
Agency: Environmental Protection Agency – Office of Air Description: Program covers up to 100 percent of costs for (1) incremental cost of replacing an existing heavy-duty vehicle with a zero-emission vehicle; (2) purchasing and operating associated infrastructure; (3) workforce development and training; (4) planning and technical activities. Bill Section: 60101 US Code: 42 USC…
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Credit for Builders of New Energy Efficient Homes
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…
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Credit for Previously-Owned Clean Vehicles
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…
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Credit for Production of Clean Hydrogen
Agency: Department of the Treasury Description: Tax credit of up to $0.60/kg for production of hydrogen, defined as 4 kilograms of CO2e per kilogram or less; credit varies by lifecycle GHG emissions rate, with lower emission hydrogen receiving higher credits Bill Section: 13204 US Code: 26 USC 45V New or Existing: New Potential Cost:…
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Credit for Qualified Commercial Clean Vehicles
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…
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Energy Efficient Commercial Buildings Deduction
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:…
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Energy Efficient Home Improvement Credit
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…
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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…
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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…
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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…