Category: IRA
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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…
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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:…