Category: IRA
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Low-Embodied Carbon Labeling for Construction Materials
Agency: Environmental Protection Agency Description: To develop and implement a program to identify and label construction materials and products that have substantially lower levels of embodied greenhouse gas emissions. Bill Section: 60116 US Code: 42 USC 4321 New or Existing: New Potential Cost: $100,000,000 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…
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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…