Category: IRA
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Low Emissions Electricity Program: Outreach and technical assistance to governments
Agency: Environmental Protection Agency Description: For outreach and technical assistance to, and partnerships with, State, Tribal, and local governments with respect to reductions in greenhouse gas emissions that result from domestic electricity generation and use. Bill Section: 60107(a)(4) US Code: 42 USC 7435(a)(4) New or Existing: Existing Potential Cost: $17,000,000 Timeline: FY22-31…
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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…
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Low-Carbon Transportation Materials Program
Agency: Department of Transportation Description: To reimburse or provide incentives to eligible recipients for the use of low-embodied carbon construction materials and products in federally-funded highway projects. Bill Section: 60506 US Code: 23 USC 179 New or Existing: New Potential Cost: $2,000,000,000 Timeline: FY22-26
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Cost Recovery for Qualified Facilities, Qualified Property, and Energy Storage Technology
Agency: Department of the Treasury Description: Provides an additional tax deduction for facilities or property qualifying for the Clean Electricity Investment Tax Credit. These facilities or property will be treated as a 5-year property for purposes of cost recovery; meaning, they will be able to deduct from their taxable income the depreciating value of…
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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…