Category: IRA
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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:…
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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%…
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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…
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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…
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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…
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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…
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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