U.S. Treasury and IRS release guidance on Clean Electricity Production and Investment Credits under Biden's Inflation Reduction Act, replacing expiring wind and solar tax credits.

The U.S. Treasury and IRS have released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit, established under Biden's Inflation Reduction Act. These new credits, set to begin in 2025, aim to provide incentives to any clean energy facility achieving net-zero emissions and allow zero-emission technologies to develop. They replace the expiring wind and solar production and investment tax credits.

May 29, 2024
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