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CategoryProgram Name and DescriptionFunding LevelAdministering Agency or OfficeFunding MechanismTimelineLabor, Equity, and Domestic Content Standards in TextEligible EntitiesNew or Existing Program
Clean Energy Tax CreditsClean 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)
FY22-25Prevailing Wage and Registered Apprenticeship UtilizationDevelopers, state, local, Tribes, utilities, co-ops, tax-exempt entitiesExisting Program;
Clean Energy Tax CreditsClean 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 UtilizationDevelopers, state, local, tribes, utilities, co-ops, tax-exempt entitiesNew Program; Technology Neutral
Clean Energy Tax CreditsClean Energy Production Tax Credit (PTC) Extension (Sec. 13101) - Production tax credits for clean energy deployment, including solar, offshore and onshore wind, 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)
FY22-25Prevailing Wage and Registered Apprenticeship UtilizationDevelopers, utilities, co-ops, state, local, tribes, tax-exempt entitiesExisting Program;
Clean Energy Tax CreditsClean 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 UtilizationDevelopers, utilities, co-ops, state, local, tribes, tax-exempt entitiesNew Program: Technology Neutral
Clean Energy Tax CreditsDomestic 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 entitiesNew Program
Clean Energy Tax CreditsEnergy 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 CreditFY23-35*For full 10%: Prevailing Wage and Apprenticeship RequirementsThis 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 percent or greater direct employment or 25 percent 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 and;
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 CreditsLow 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 costTreasury (IRS)Investment Tax CreditFY23-25Requires an allocation of credits by the IRS, which has 1,800 MW to allocate in each of calendar years 2023 and 2024This 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 CreditsExtension 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 yearsFY23-32Prevailing Wage, Apprenticeship UtilizationCarbon capture, utilization, and storage; facilities; electric generation; industrial facilitiesExisting Program
Clean Energy Tax CreditsZero 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 CreditFY23-32Prevailing Wage, Apprenticeship utilizationExisting nuclear power facilitiesNew Credit
Clean Energy Tax CreditsClean 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 yearsFY22-32Prevailing Wage, Apprenticeship UtilizationOwner of a qualified clean hydrogen production facilityNew Credit
Rural Energy InvestmentsUSDA 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 BillionUSDA (Rural Development)Loans, Competitive GrantsFY22-31Prevailing WageRural co-op with certain threshold of customer baseNew Program
Rural Energy InvestmentsUSDA 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 BillionUSDA (Rural Development)Competitive GrantsFY22-31Prevailing wageDevelopers, local, state, tribal governments, co-ops, non-profitsExisting
Rural Energy InvestmentsUSDA 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, EE improvements.$1.9 BillionUSDA (Rural Development)Competitive Grants, technical assistanceFY22-31Rural businesses and Agricultural ProducersExisting