IRS Floats Tech-Neutral Energy Tax Credit Eligibility Rules (1)

The Treasury Department and IRS proposed new rules on tech-neutral green energy tax credits slated to take effect in 2025 and being billed as the next generation of renewable energy credits.

The tech-neutral credits—Sections 45Y and 48E—are part of a larger suite of tax credits established by the 2022 tax-and-climate law known as the Inflation Reduction Act. They will offer incentives to eligible facilities with net-zero emissions or less, regardless of technology, as opposed to many current energy credits that are tied to specific technologies, such as those for hydrogen or nuclear.

“This technology-by-technology approach is now outdated,” John Podesta, ...