| Category | Program Name and Description | Funding Level | Administering Agency or Office | Funding Mechanism | Timeline | Labor, Equity, and Domestic Content Standards in Text | Eligible Entities | New or Existing Program |
|---|---|---|---|---|---|---|---|---|
| Clean Energy Tax Credits | Clean Energy Investment Tax Credit (ITC) Extension (Sec 13102) - Investment tax credits for clean energy deployment, including onshore and offshore wind, solar, geothermal, battery storage, and pumped-storage hydro. | $13.9 Billion Base Credit: 6% of Project Cost; Bonus Credit: 30% of Project Cost if prevailing wage and registered apprenticeship requirements are met | Treasury (IRS) | Investment 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) | FY22-25 | Prevailing Wage and Registered Apprenticeship Utilization | Developers, state, local, Tribes, utilities, co-ops, tax-exempt entities | Existing Program |
| Clean Energy Tax Credits | Clean Energy ITC Technology Neutral, (Sec. 13702) - Investment 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. | $50.8 Billion Base Credit: 6% of Project Cost; Bonus Credit: 30% of Project Cost if prevailing wage and registered apprenticeship requirements are met | Treasury (IRS) | Investment 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) | FY25-35* | Prevailing Wage and Registered Apprenticeship Utilization | Developers, state, local, tribes, utilities, co-ops, tax-exempt entities | New Program; Technology Neutral |
| Clean Energy Tax Credits | Clean Energy Production Tax Credit (PTC) Extension (Sec. 13101) - Production tax credits 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. | $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** | Treasury (IRS) | Production 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 2024-2026) | FY22-25 | Prevailing Wage and Registered Apprenticeship Utilization | Developers, utilities, co-ops, state, local, tribes, tax-exempt entities | Existing Program |
| Clean Energy Tax Credits | Clean Energy Production Tax Credit (PTC) Technology Neutral (Sec. 13701) - 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. | $11.2 Billion Base Credit: 0.05 cents per kWh, increased for inflation since 1992 Bonus Credit: 0.25 cents per kWh if prevailing wage and registered apprenticeship requirements are met, increased for inflation since 1992** | Treasury (IRS) | Production 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) | FY25-35* | Prevailing Wage and Registered Apprenticeship Utilization | Developers, utilities, co-ops, state, local, tribes, tax-exempt entities | New Program: Technology Neutral |
| Clean Energy Tax Credits | Domestic Content Bonus Credit (Sec. 13101, 13102, 13701, 13702) - (Applicable for the Clean Energy PTCs and ITCs). Establishes 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. | Up to 10% ITC on project cost (or up to a 10% increment on PTCs) | Treasury (IRS) | Tax 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. | FY23-35* | Projects utilizing domestically produced iron and steel, and 55% of manufactured goods. (A ramp up approach annually starting in 2024, ending in 2027 at 55%. Offshore wind will have until 2028 to meet domestic content requirements of 55% | Developers, utilities, co-ops, state, local, tribal, tax-exempt entities | New Program |
| Clean Energy Tax Credits | Energy Communities Bonus Credit (Sec. 13101, 13102, 13701, 13702) - (Applicable for the Clean Energy PTCs and ITCs). For qualified facilities that are placed in service within an energy community, 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. | Up to 10% ITC on project cost (or up to a 10% increment on PTCs) | Treasury (IRS) | Tax Credit | FY23-FY35* | For full 10%: Prevailing Wage and Apprenticeship Requirements | This 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. | New Program |
| Clean Energy Tax Credits | Low Income Communities Bonus Credit (Sec. 13103) - (Applicable for the Clean Energy ITCs). An additional ITC of 10% or 20% is available for the development of wind and solar projects in low income communities. | 10% or 20% of project cost | Treasury (IRS) | Investment Tax Credit | FY23-25 | Requires an allocation of credits by the IRS, which has 1,800 MW to allocate in each of calendar years 2023 and 2024 | This 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. | New Program |
| Clean Energy Tax Credits | Extension and Modification of Carbon Dioxide Sequestration Credit (Sec. 13104) - Extends the credit for carbon oxide capture facilities that begin construction before the end of 2032. A base credit rate of $17 or a bonus credit rate of $85 per metric ton of carbon oxide captured for geological storage and a base credit rate of $12 or a bonus credit rate of $60 per metric ton of carbon oxide captured and used for enhanced oil recovery or to make a commercial product. An enhanced credit for direct air capture facilities at a base rate of $36 or a bonus rate of $180 per metric ton of carbon oxide captured for geological storage and base rate of $26 or a bonus rate of $130 per metric ton of carbon captured and used for enhanced oil recovery or to make a commercial product. | $3.2 Billion Bonus rate of $60, $85, or $180 per metric ton of CO2, depending on the form of carbon capture and the use to which the captured CO2 is put | Treasury (IRS) | Tax Credit , Direct pay available for five years | FY23-32 | Prevailing Wage, Apprenticeship Utilization | Carbon capture, utilization, and storage; facilities; electric generation; industrial facilities | Existing Program |
| Clean Energy Tax Credits | Zero Emissions Nuclear Power Production Credit (Sec. 13105) - Credit for existing facilities producing nuclear power, regardless of the age of the facility, this credit does not however cover advanced nuclear facilities. | $30 Billion Base rate of 0.3 cents per kWh, increased for inflation since 1992. Bonus rate of 1.5 cents per kWh, increased for inflation since 1992. The credit amount is reduced as the electricity price increases. | Treasury (IRS) | Production Tax Credit | FY23-32 | Prevailing Wage, Apprenticeship utilization | Existing nuclear power facilities | New Credit |
| Clean Energy Tax Credits | Clean Hydrogen Credit (Sec. 13204) - Credit for producing hydrogen where the lifecycle (well-to-gate) greenhouse gas emissions to make the hydrogen are no more than 4 kg per kg of hydrogen. The full credit can be claimed only if lifecycle greenhouse gas emissions are less than 0.45 kg per kg of hydrogen. Option to claim an ITC on the hydrogen production facility instead. | $13 Billion Maximum PTC of $3 per kilogram of clean hydrogen, and maximum ITC of 30% of facility cost | Treasury (IRS) | Tax Credit, Direct pay for PTCs (but not ITC) available for five years | FY22-32 | Prevailing Wage, Apprenticeship Utilization | Owner of a qualified clean hydrogen production facility | New Credit |
| Rural Energy Investments | USDA Assistance for Rural Electric Cooperatives (Sec. 22004) - To make grants and loans for electric cooperatives to purchase renewable energy, purchase renewable energy systems and carbon capture and storage systems, deploy such systems, or make energy efficiency improvements and to make grants for debt relief and other costs associated with terminating the use facilities operating on non-renewable energy and related transmission assets. | $9.7 Billion | USDA (Rural Development) | Loans, Competitive Grants | FY22-FY31 | Prevailing Wage | Rural co-op with certain threshold of customer base | New Program |
| Rural Energy Investments | USDA Electric Loans for Rural Renewable Energy (Sec. 22001) - Generation of renewable energy for resale to rural and nonrural residence, including wind, solar, geothermal, hydropower, and biomass. | $1 Billion | USDA (Rural Development) | Competitive Grants | FY22-31 | Prevailing Wage | Developers, local, state, tribal governments, co-ops, non-profits | Existing Program |
| Rural Energy Investments | USDA Rural Energy for America Program (REAP) (Sec. 22002) - Deployment of renewable energy for rural business and agricultural producers. Technologies include; solar wind, biomass, geothermal, hydro, hydrogen, and energy efficiency improvements. | $1.9 Billion | USDA (Rural Development) | Competitive Grants, technical assistance | FY22-31 | N/A | Rural businesses and Agricultural Producers | Existing Program |