Treasury Finalizes Guidance for IRA’s Tech Neutral, Clean Electricity Tax Credits
The U.S. Treasury on Tuesday finalized its guidance for the technology-neutral 45Y and 48E clean electricity tax credits introduced in the Inflation Reduction Act, a week after the credits went into effect and replaced their predecessors — the Section 45 production tax credit and the Section 48 investment tax credit.
“The final rules issued today provide important clarity and certainty around what clean electricity zero-emissions technologies qualify for the credits — including wind, solar, hydropower, marine and hydrokinetic, geothermal, nuclear, and certain waste energy recovery property,” Treasury said in a release.