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 26% of 2022 U.S. electricity sector GHG emissions
TCS Notes:
Cost estimate is from FY26-31 (of which $5.2 billion is in FY31). GHG requirements for zero-emission electricity production must be calculated and defined.
Elective Payment and Transferability allowed in certain cases.