The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released final rules for the Clean Electricity Investment and Production Tax Credits. These technology-neutral credits aim to foster innovation by supporting the development of emerging zero-emissions technologies while providing stable incentives for investments in established clean energy solutions.
The new rules clarify which zero-emissions technologies qualify for the credits, including wind, solar, hydropower, marine and hydrokinetic energy, geothermal, nuclear power, and certain waste energy recovery systems. Projects that began construction before 2025 will still be eligible for the existing Production Tax Credit and Investment Tax Credit. Projects placed in service after 31 December 2024 will qualify for the new Clean Electricity Credits.
The Department of Energy estimates that these tech-neutral credits, alongside other provisions from the Inflation Reduction Act and Bipartisan Infrastructure Law, could reduce electricity costs by up to $38 billion for American families by 2030.
