1 | Source: Deanna Zhang | etechmonkey.com | |||||||||||||||||||||||||||||||||||||
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2 | |||||||||||||||||||||||||||||||||||||||
3 | Electricity & energy credits | Hydrogen & CCUS credits | Manufacturing credits | Biofuel credits | Clean vehicle credits | Building credits | Oil and gas taxes | ||||||||||||||||||||||||||||||||
4 | |||||||||||||||||||||||||||||||||||||||
5 | 45 | 45U | 45Y | 48 | 48E | 45V | 45Q | 45X | 48C | 40 | 40A | 6426/6427 | 40B | 45Z | 45W | 30D | 25E | 30C | 25C | 25D | 45L | 179D | 136 (Clean Air Act) | 4611 | |||||||||||||||
6 | Electricity PTC | Non-advanced nuclear PTC | Clean electricity PTC | Energy ITC | Clean Electricity ITC | Hydrogen PTC | CCUS PTC | Manufacturing PTC | Manufacturing ITC | Second gen biofuel credit | Biodiesel/renewable diesel credit | Biodiesel mixture/alternative fuels | Sustainable aviation fuel credit | Clean fuel production credit | Commercial Clean Vehicle Credit | Clean Vehicle Credit | Used Clean Vehicle Credit | Alternative fueling station ITC | Residential HVAC credit | Residential energy credit | New efficient home credit | New commercial building credit | Methane fee | Oil taxes | |||||||||||||||
7 | 1.5c / kWh for 10 years after in-service date, subject to inflation & PWA requirements | 1.5c / kWh from 2024-2032, subject to inflation, reduction amount, & PW requirements | 1.5c / kWh for 10 years after in-service date, subject to inflation & PWA requirements | 30% ITC for all categories except a 10% ITC for microturbines, subject to PWA requirements | 30% ITC, subject to PWA requirements | $3/kg for 10 years after in-service date, subject to inflation & PWA requirements | $60-180/ton for 12 years after in-service, subject to inflation after 2026 & PWA requirements | Various dollar amounts per unit | Expansion of 30% ITC to more categories, subject to PWA requirements | $1.01/gal | $1.00/gal | $1.00/gal for biodiesel mixture, $0.50/gal for alternative fuels used in mobility like LNG, CNG, LPG, etc. | $1.25-$1.75/gal | Up to $1/gal for non-aviation fuel or up to $1.75/gal for aviation fuel, subject to inflation and PWA requirements | 15-30% of vehicle value up to $7.5k for light-medium duty and $40k for heavy duty | up to $7,500/vehicle dependent on battery and minerals requirement | up to $4,000/vehicle | 30% ITC, subject to PWA requirements | 30% ITC for home efficiency improvements (insulation, windows), high efficiency HVAC devices, water heaters, energy audits, up to certain annual limits | 30% ITC for residential solar, fuel cell, small wind, geothermal, and battery expenditures | $2,500-4,000 for energy efficient new homes, $500-1,000 for energy efficient multi-family units | $2.50-5.00/sq ft deduction depending on energy reduction beyond 25% compared to reference building, subject to inflation and PWA requirements | $900-1,500/metric ton of methane | 16.4c/bbl hazardous substances tax | |||||||||||||||
8 | 1/1 | Effective, including PWA, for projects placed in service after this date | Effective for List A(2) projects placed in service after this date, PWA effective for projects placed in service after this date | Exception for federally declared disaster area effective (old credit structure) | Effective for fuel produced after this date | Effective for fuel produced after this date | Effective for fuel produced after this date | Extension of old credit effective | Extension of old credit effective | Effective for property placed in service after this date | Extension of old credit effective | Extension of old credit effective | |||||||||||||||||||||||||||
9 | 2022 | ||||||||||||||||||||||||||||||||||||||
10 | 8/16 12/31 | Credit reduction for tax exempt bonds effective for facilities constructed after this date | Facilities must be placed in service before this date | Credit reduction for tax exempt bonds effective | Credit reduction for tax exempt bonds effective for facilities constructed after this date | New lowered capture minimums effective for facilities that start construction after this date (old credit structure) | North American assembly requirement effective (old credit structure) | ||||||||||||||||||||||||||||||||
11 | 1/1 | Domestic content and energy communities bonuses effective, hydropower eligibility revised, limited direct pay available for facilties placed in service after this date, credit transfer available | Effective for List B(3), geothermal, & hydrogen projects placed in service after this date, domestic content, energy communities, and low income communities bonuses effective, fuel cell eligibility revised, interconnection addition effective, coordination with low income housing credit effective, limited direct pay available, credit transfer available | Effective, including PWA, for hydrogen produced after this date, full direct pay available for facilties placed in service after this date, limited direct pay available for facilities placed in service 2013 and after, credit transfer available | New pricing, including PWA, effective for facilities placed in service after this date, credit reduction for tax exempt bonds effective for facilities placed in service after this date, credit ends for pre-2018 facilities, full and limited direct pay available for facilties placed in service after this date, credit transfer available | Effective for components produced and sold after this date, full and limited direct pay available for components sold after this date, credit transfer available | Adjustments effective, including PWA, credit transfer available | Effective for fuel produced after this date | Effective for vehicles acquired after this date | New credit structure effective for vehicles placed in service after this date, critical minerals requirement at 40%, battery components requirement at 50%, capacity minimums, income limitations, MSRP limitations, manufacturer qualification, fuel cell inclusion, and lifting of manufacturer cap effective | Effective for vehicles acquired after this date | New credit effective for stations placed in service after this date, new credit cap, station location requirements, and PWA requirements effective, limited direct pay available, credit transfer available | New credit effective for property placed in service after this date | Battery storage expenditures included, replacing biomass fuel property expenditures | New credit effective for homes acquired from contractor after this date | New credit effective after this date | New taxes effective after this date | ||||||||||||||||||||||
12 | 2023 | ||||||||||||||||||||||||||||||||||||||
13 | 12/31 | ||||||||||||||||||||||||||||||||||||||
14 | 1/1 | 90% phaseout of limited direct pay for facilties that don't satisfy domestic content requirements and are constructed this year | Effective, including PW, for electricity produced after this date, limited direct pay available, credit transfer available | 90% phaseout of direct pay for certain facilties constructed this year | Critical minerals requirement rises to 50%, battery components requirement rises to 60%, no components allowed from any foreign entity of concern after this date, credit transferability available after this date | Credit transferability available after this date | First measured year | ||||||||||||||||||||||||||||||||
15 | 2024 | ||||||||||||||||||||||||||||||||||||||
16 | 12/31 | Terminates for projects beginning construction after this date | Terminates for List A + List B projects beginning construction after this date | Terminates for fuel produced after this date | Terminates for fuel produced after this date | Terminates for fuel produced after this date | Terminates for fuel produced after this date | ||||||||||||||||||||||||||||||||
17 | 1/1 | Effective, incl. bonuses, domestic content requirements, and PWA for projects placed in service after this date, 85% phaseout of limited direct pay for facilties that don't satisfy domestic content requirements and are constructed after this date, credit transfer available | Effective, incl. bonuses, domestic content requirements, and PWA for projects placed in service after this date, 90% phaseout of limited direct pay for facilities that don't satisfy domestic content requirements, credit transfer available | Effective for fuel produced after this date, limited direct pay available, prevailing wage requirements only apply to facilities placed into service after this date, credit transfer available | Critical minerals requirement rises to 60%, battery components requirement rises to 60%, no critical minerals allowed from any foreign entity of concern after this date | Fuel definition adjustment effective, product identification numbers & manufacturer qualification effective | $900/ton fee effective for previous year emissions | ||||||||||||||||||||||||||||||||
18 | 2025 | ||||||||||||||||||||||||||||||||||||||
19 | 12/31 | Direct pay terminates for facilties that don't satisfy domestic content requirements and are constructed after this date | |||||||||||||||||||||||||||||||||||||
20 | 1/1 | Domestic content requirement rises | Critical minerals requirement rises to 70%, battery components requirement rises to 70% | $1,200/ton fee effective for previous year emissions | |||||||||||||||||||||||||||||||||||
21 | 2026 | ||||||||||||||||||||||||||||||||||||||
22 | 12/31 | ||||||||||||||||||||||||||||||||||||||
23 | 1/1 | Domestic content requirement rises | Inflation adjustment starts | Critical minerals requirement rises to 80%, battery components requirement rises to 80% | Change in oil furnace / hot water boiler qualification (at least one of them) | $1,500/ton fee effective for previous year emissions | |||||||||||||||||||||||||||||||||
24 | 2027 | ||||||||||||||||||||||||||||||||||||||
25 | 12/31 | Terminates for fuel produced after this date | |||||||||||||||||||||||||||||||||||||
26 | 1/1 | Critical minerals requirement stays at 80%, battery components requirement rises to 90% | |||||||||||||||||||||||||||||||||||||
27 | 2028 | ||||||||||||||||||||||||||||||||||||||
28 | 12/31 | ||||||||||||||||||||||||||||||||||||||
29 | 1/1 | Critical minerals requirement stays at 80%, battery components requirement rises to 100% | |||||||||||||||||||||||||||||||||||||
30 | 2029 | ||||||||||||||||||||||||||||||||||||||
31 | 12/31 | ||||||||||||||||||||||||||||||||||||||
32 | 1/1 | Phaseout to 75% | |||||||||||||||||||||||||||||||||||||
33 | 2030 | ||||||||||||||||||||||||||||||||||||||
34 | 12/31 | ||||||||||||||||||||||||||||||||||||||
35 | 1/1 | Phaseout to 50% | |||||||||||||||||||||||||||||||||||||
36 | 2031 | ||||||||||||||||||||||||||||||||||||||
37 | 12/31 | ||||||||||||||||||||||||||||||||||||||
38 | 1/1 | Phaseout to 25% | |||||||||||||||||||||||||||||||||||||
39 | 2032 | ||||||||||||||||||||||||||||||||||||||
40 | 12/31 | Terminates after this date | Terminates for hydrogen projects beginning construction after this date | Terminates for facilities constructed after this date, full direct pay terminates (but limited direct pay still effective) | Terminates for facilities constructed after this date, full direct pay terminates (but limited direct pay still effective) | Terminates after this date | Terminates for vehicles acquired after this date | Terminates for vehicles placed in service after this date | Terminates for vehicles acquired after this date | Terminates for stations placed in service after this date | Terminates for property placed in service after this date | Terminates for homes acquired from contractor after this date | |||||||||||||||||||||||||||
41 | 1/1 | Phaseout to 26% for geothermal | Phaseout to 26% | ||||||||||||||||||||||||||||||||||||
42 | 2033 | ||||||||||||||||||||||||||||||||||||||
43 | 12/31 | ||||||||||||||||||||||||||||||||||||||
44 | 1/1 | 75% phaseout starts(1) | Phaseout to 22% for geothermal | 75% phaseout starts(1) | Phaseout to 22% | ||||||||||||||||||||||||||||||||||
45 | 2034 | ||||||||||||||||||||||||||||||||||||||
46 | 12/31 | Terminates for geothermal projects beginning construction after this date | Terminates for property placed in service after this date | ||||||||||||||||||||||||||||||||||||
47 | 1/1 | 50% phaseout starts(1) | 50% phaseout starts(1) | ||||||||||||||||||||||||||||||||||||
48 | 2035 | ||||||||||||||||||||||||||||||||||||||
49 | 12/31 | ||||||||||||||||||||||||||||||||||||||
50 | 1/1 | 25% phaseout starts(1) | 25% phaseout starts(1) | ||||||||||||||||||||||||||||||||||||
51 | 2036 | ||||||||||||||||||||||||||||||||||||||
52 | 12/31 | Terminates for projects beginning construction after this date | Terminates for projects beginning construction after this date | (No termination) | (No termination) | (No termination) | (No termination) | ||||||||||||||||||||||||||||||||
53 | |||||||||||||||||||||||||||||||||||||||
54 | (1)Assumes 2032 applicable year | ||||||||||||||||||||||||||||||||||||||
55 | (2)List A: solar, geothermal electric, fuel cell, small wind, waste energy recovery property, microturbines, wind, biomass, waste, hydropower, marine | ||||||||||||||||||||||||||||||||||||||
56 | (3)List B: energy storage, biogas, microgrid controllers, CHP, dynamic glass | ||||||||||||||||||||||||||||||||||||||
57 | Note: limited direct pay refers to direct pay that only applies to certain tax-exempt, coop, and government entities. Full direct pay refers to direct pay that is not bound by this restriction (but is limited to 5 years). PWA or PW refer to prevailing wage and apprenticeship requirements prevailing wage requirements, respectively |