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.What it DoesTimingFunding LevelFunding TypeHow It WorksDetails
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Residential Clean Energy Credit (25D)Purchase of solar arrays, microgrid controls, geothermal, and storage systemsStart date: January 2023 End date: December 2034Tax CreditCredit for residential properties that covers 30% of the cost of solar arrays, microgrid controls, geothermal or biomass technologies and stand-alone battery storage systems with a capacity greater than 3 kWh.
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Clean Energy Investment Tax Credit (ITC)Investment tax credits for clean energy deployment, including onshore and offshore wind, solar, geothermal, battery storage, and pumped-storage hydro.FY23-25; Begining in May or June 2023.$13.9 Billion Base Credit: 6% of Project Cost; Bonus Credit: 30%
of Project Cost if prevailing wage and registered apprenticeshiprequirementss are met		Investment Tax Credit with Direct Pay AvailableInvestment Tax Credit Direct pay available for state, local, and tribal governments, TVA, rural electric co-ops, tax exempt (must meet domestic content requirements to receive direct pay, phased in 2024-2026)GEOTHERMAL/GSHP - Churches can install geothermal heat pumps under 1 M.W. in size and would be eligible for a 30% direct pay tax credit. Here is a good explanation from the EPA: https://www.epa.gov/green-power-markets/summary-inflation-reduction-act-provisions-related-renewable-energy. Nonprofits' direct pay tax credit monetization includes labor, heat pumps, loops, and wiring. Geothermal heat pumps include coils and tubes located underground to keep the water temperature in the pipes at about 55 degrees year-round. These loops are connected to deep wells and to heat pumps inside the building, which provide cooling and heating options. Though heat pumps are expensive to install, particularly for larger commercial buildings, they pay for themselves over time in reduced energy costs and operating expenses. PREVAILING WAGE AND APPRENTICESHIP REQUIREMENT: https://www.dol.gov/agencies/whd/IRA. Call the Wage and Hour Division's toll-free help line:

1-866-4-USWAGE (1-866-487-9243)

Monday to Friday 8:00 a.m. to 4:30 p.m. local time. Hours vary by region.
Nights, Weekends, and Holidays: Calls answered by the DOL National Contact Center.

FIND YOUR LOCAL WAGE AND HOUR DIVISION OFFICE: https://www.dol.gov/agencies/whd/contact/local-offices
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Clean Energy ITC Technology NeutralInvestment tax credit for energy deployment for projects with net zero carbon emissions. This credit will go into effect for new projects placed in 2025 through sometime in the 2030s. This
credit is not limited to a particular clean energy technology, but rather any technology that does not contribute carbon emissions.		FY25-35$50.8 Billion Base Credit: 6% of Project Cost;
Bonus Credit: 30% of Project Cost if prevailing wage and
registered apprenticeship requirements are met		Investment Tax Credit with Direct Pay AvailableInvestment Tax Credit Direct pay available for state, local, and tribal governments, TVA, rural electric co-ops, tax exempt entities (must meet domestic content requirements to receive direct pay, phased in 2024-2026)
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Clean Energy Production Tax Credit (PTC)PTC for clean energy deployment, including solar, offshore and onshore wind, and geothermal to receive a tax credit for the production of electricity based on kilowatt-hour of power produced.FY22-25$51 Billion Base Credit: 0.05 cents per kWh, increased for inflation
since 1992 Bonus Credit: .25 cents per kWh if prevailing wage and
registered apprenticeship requirements are met, increased for inflation
since 1992		Production Tax Credit with Direct Pay AvailableProduction Tax Credit Direct pay available for state, local, and tribal governments, tax exempt entities (must meet domestic content requirements to receive direct pay, phased in 2024-2026A)
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Clean Energy Production Tax
Credit (PTC) Technology Neutral 		PTC for energy projects with net zero carbon emissions. This credit will go into effect for new projects placed in service in 2025 through sometime in the 2030s. This credit is not limited to a particular clean energy technology, but rather any technology that does not contribute carbon emissions.FY25-35$11.2 Billion Base Credit: 0.05 cents per kWh, increased for inflation since 1992
Bonus Credit: 0.25cents per kWh if prevailing wage and registered apprenticeship requirements are met, increased for inflation
since 1992		Production Tax Credit with Direct Pay AvailableProduction Tax Credit Direct pay available for state, local, and tribal governments, TVA, rural electric co-ops, tax exempt entities (must meet domestic content requirements to receive direct pay, phased in 2024-2026)
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Domestic Content Bonus CreditEstablishes a bonus 10% ITC (2% if wage and apprentice requirements not satisfied) or PTCs at 1.10% of the rate for which the project would otherwise qualify for projects utilizing domestic content. This credit will support projects that use domestically made iron and steel as well as a certain percentage of other manufactured components.FY23-35Up to 10% ITC on
project cost (or up
to a 10% increment
on PTCs)
Tax Credit with Direct Pay AvailableTax Credit Direct pay is available for state, local, and tribal governments, TVA, rural electric co-ops, and tax-exempt entities utilizing the domestic content preference.
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Energy Communities Bonus CreditFor qualified facilities that are placed in service within an energy community (a community whose economy has historically been dependent on energy production energy, particularly fossil fuel communities), a 10% extra ITC (2% if wage and apprentice requirements not satisfied) or PTCs at 1.10% of the rate for which the project would otherwise qualify.FY23-35Up to 10% ITC on project cost (or up to a 10% increment on PTCs)Tax CreditThis bonus credit is for: 1. Projects on brownfield sites 2. Projects in metropolitan and non-metropolitan statistical areas that (A) at any time after 2009 had 0.17% or greater direct employment or 25% or greater local tax revenues that are attributable to the extraction, processing, transport or storage of coal, oil or natural gas and (B) had an unemployment rate at or above the national unemployment rate for the prior year 3. Projects in census tracts in which (or census tracts adjoining census tracts in which) a coal mine closed after 1999 or a coal-fired electric generating unit retired after 2009.
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Low Income Communities Bonus CreditFY23-2510% or 20% of project costInvestment Tax CreditThis bonus credit is specifically for solar and wind projects built in low-income communities or on Indian land or that are part of a qualified low-income residential building project or a qualified low-income benefit project, and associated storage, but only for projects with maximum net output of less than 5 megawatts.
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USDA Electric Loans for Rural Renewable EnergyGeneration of renewable energy for resale to rural and nonrural residence, including wind, solar, geothermal, hydropower, and biomass.FY22-31Grant
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USDA Rural Energy for America ProgramDeployment of renewable energy for rural business and agricultural producers. Technologies include; solar wind, biomass, geothermal, hydro, hydrogen, and energy efficiency improvements.FY22-31Grant, Technical Assistance
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Energy Infrastructure Reinvestment FinancingEstablishes a program to provide financial support to eligible entities to retool, repower, repurpose, or replace energy infrastructure that has ceased operations; or enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants greenhouse gas emissions.FY 22-26Loan
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Title 17 Innovative Clean Energy Loan Guarantee ProgramLoan authority for clean energy projects eligible for loan guarantees under section 1703 of the Energy Policy Act of 2005.FY 22-26Loan
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