IRA Tax Credit Tracker

Updated on August 16, 2022, the Final Rule provides credits for investments in advanced energy projects which meet prevailing wage and registered apprenticeship standards. These projects expand clean energy manufacturing and recycling and critical materials refining, processing and recycling, and those that reduce greenhouse gas emissions at industrial facilities.

Issued on October 23, 2024, the Final Rule provides a tax credit to manufacturers who produce eligible components, such as renewable energy technologies, batteries, electric vehicle parts, and grid modernization equipment, within the United States.

Issued on October 28, 2024, the Final Rule grants a credit for the domestic production and sale of eligible components critical to clean energy technologies, such as solar modules and wind turbines.

Issued on August 19, 2024, the Final Rule offers a credit for the installation of alternative fuel vehicle refueling property, such as electric vehicle charging stations, in both residential and commercial settings.

Issued on Septemeber 18, 2024, the proposed guidance clarifies that refueling property must be used to store or dispense clean-burning fuel or to recharge electric motor vehicles.

Issued on January 15, 2025, the Final Rule offers a credit for investments in clean electricity generation facilities and energy storage technologies placed in service after December 31, 2024.

Issued on January 13, 2025, the Final Rule provides a bonus credit of a 10 or 20 percentage point increase to the investment tax credit for qualified solar and wind energy facilities with a maximum net output of less than five megawatts (AC).

Issued on January 15, 2025, the Final Rule provides a credit for the production of clean electricity from qualified facilities placed in service after December 31, 2024.

Issued on January 10, 2025, the Proposed Rule states that the credit is for the domestic production of clean transportation fuel, which is divided into two broad categories: sustainable aviation fuel (SAF) and non-SAF transportation fuel. The credit is equal to the product of the applicable amount per gallon (or gallon equivalent) for any transportation fuel that is produced by the taxpayer at a qualified facility during the taxable year sold by the taxpayer in a qualifying sale and the emissions factor for such fuel as determined under the Code.

Issued on Jan. 10, 2024, the Final Rule provides a credit for the production of clean hydrogen through processes that meet specified greenhouse gas emission rates.

Issued on December 12, 2024, the Final Rule offers certain qualification for clean energy facilities, property, and technology placed in service after 2024 may be classified as a 5-year property via the modified accelerated cost recovery system, making them eligible for the 5-year depreciation deduction. This allows qualifying properties or facilities to deduct the depreciating value of their business assets from their taxable income faster than the actual rate of the value declining.

Issued on July 24, 2024, the proposed guidance states that this credit is for qualified carbon oxide captured at a qualified facility using certain carbon capture equipment, which is disposed of in secure geological storage, used as a tertiary injectant in a qualified enhanced oil or natural gas recovery project and disposed of in secure geological storage, or utilized for certain purposes.

Issued on January 15, 2025, the Final Rule offers a safe harbor regarding the incremental cost and retail price equivalent (RPE) of certain qualified commercial clean vehicles for the purpose of the credit for qualified commercial clean vehicles under the specified section of the IRC.

Issued on May 26, 2022, the Final Rule offers claims on tax deductions for building owners who place in service energy efficient commercial building property or energy efficient commercial building retrofit property. An increased tax deduction is also offered for increased energy savings or for meeting prevailing wage and apprenticeship requirements. Beginning January 1, 2023, this deduction is also available to designers of energy efficient commercial building properties/energy efficient commercial building retrofit property owned by specific tax-exempt entities.

Issued on May 6, 2024, the Final Rule offers an individual credit for the purchase of new qualified clean vehicles, including electric and fuel cell vehicles, subject to certain criteria.

Issued on July 11, 2024, the Final Rule offers a credit for the production of energy from renewable sources including wind, closed-loop biomass, geothermal energy, hydropower, and marine and hydrokinetic sources.

Amended on August 16, 2022, this credit provides tax credits for alternative fuels and alternative fuel mixtures, with a $0.50 per gallon credit for certain alternative fuels and a credit against excise tax liability under section 4081.

The zero-emission nuclear power production credit is for electricity produced at a qualified nuclear power facility and sold by the taxpayer to an unrelated person in tax years beginning after December 31, 2023, and before January 1, 2033. The base amount of the Zero-Emission Nuclear Power Production Credit is 0.3 cents/kWh, inflation adjusted after 2024. Credit amount is reduced based on the amount of the qualified nuclear power facility’s gross receipts. Credit amount is increased by up to 5 times or up to 30 percent for facilities meeting prevailing wage requirements.