Biden Restarts $10 Billion Tax Credit for Clean Energy Makers

The Biden administration is restarting a popular tax credit for manufacturers of solar panels, wind turbines, fuel cells and other clean energy equipment after getting a $10 billion infusion from the Inflation Reduction Act.

Clean energy projects that expand domestic manufacturing, reduce industrial greenhouse gas emissions or help create a domestic supply chain for critical minerals can begin applying for the “advanced energy” tax credit at the end of May, the Treasury Department announced Monday.

The program provides a 30% tax credit for for technologies including carbon capture systems, grid modernization projects, clean hydrogen production, and electric or fuel ...