Date: 01/15/2025
Type: Implementation of IRA
On January 15, 2025, Treasury released the first Annual Table that outlines greenhouse gas emissions limits for energy technologies eligible for Section 45Y and 48E Clean energy Production and Investment Tax Credits (also known as technology-neutral credits). The table qualifies important clean energy technologies (hydropower, wind, solar, nuclear, geothermal, etc.) as eligible for credits.
Technology-neutral credits under Sections 45Y and 48E are funded by IRA sections 13701 and 13702, providing tax credits for energy facilities with zero greenhouse gas emissions placed into service after December 31, 2024.