IRS Issues Notice Providing 2026 Renewable Electricity Production Credit Rates

The IRS issued a notice providing the inflation adjustment factor and reference price used to calculate the renewable electricity production credit under I.R.C. §45 for calendar year 2026. The notice sets the 2026 inflation adjustment factor at 2.0570 and the reference price for wind facilities at 3.17 cents per kilowatt hour. Based on these adjustments, the notice provides the applicable credit rates for qualifying energy resources and confirms that the phaseout provisions under I.R.C. §45(b)(1) do not apply for calendar year 2026. [IRS Notice 2026-37, 06/22/26]

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