Although there are still just a For more information on individual opportunities, see The Database of State Incentives for Renewables & Efficiency (DSIRE)'s, database of all U.S. renewable energy incentives and programs, Clean Energy Production Tax Credit and Clean Energy Investment Tax Credit, January 1, 2025, the Inflation Reduction Act replaces the traditional PTC with the Clean Energy Production Tax Credit (, 1 3701) and the traditional ITC with the Clean Electricity Investment Tax Credit (, Funding Announcements from the Bipartisan Infrastructure Law and Inflation Reduction Act, Federal Tax Credits and Incentives for Energy Efficiency, Investment Tax Credit and Production Tax Credit, Environmental Justice Wind and Solar Capacity Limitations under Section 48(e), database of all US renewable energy incentives and programs, Database of State Incentives for Renewable & Efficiency (DSIRE)'s. . In addition to the above, the Growing Renewable Energy and Efficiency Now (GREEN) Act of 2021 would, similar to the Biden Administration's proposals, expand the PTC and ITC to include hydrogen storage incentives in addition to hydrogen production. Coal-fired plants in the U.S. have the capability to capture 3 million to 4 million tons of carbon dioxide per year, and newly announced projects are on pace to raise that number more than sevenfold by 2025, according to Bloomberg data published last month in a U.S. Energy Department report. This credit will also be eligible for a cash payment option in lieu of the credit. ENERGY EFFICIENCY AND RENEWABLE ENERGY, Forrestal Building Find information about open funding opportunity announcements (FOAs) and FOA project Hydrogen '&l='+l:'';j.async=true;j.setAttribute('class','optanon-category-C0001');j.src= Federal blue hydrogen incentives: No reliable past, present or This bill allows a new tax credit for the production of clean hydrogen using electricity produced from renewable *See IRC Sec. //var cvalue = window.Cookies.get(PROFILE_GUID_COOKIE); Clean Hydrogen Production Incentives Act of 2021. The Roadmap provides a comprehensive overview of the potential for hydrogen production, transport, storage, and use in the United States and outlines how clean hydrogen can contribute to national decarbonization and economic development goals. Hydrogen production and storage appear to be top of mind, and new tax incentivesideally those without fixed and short expiration datesshould be well suited to spur these investments and make the United States a power player in the hydrogen sphere. Energy Commission Approves Plan to Invest Up to $115 Million This major legislation will affect individuals, businesses, tax exempt and government entities. EERE's Hydrogen and Fuel Cell Technologies Office issues solicitations for hydrogen and fuel cells technologies. Could hydrogen fuel-cell tech replace aircraft jet engines? Concept papers are due by November 7, 2022, and full applications are due by April 7, 2023. new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], Which electric automaker got a $2.5 billion lifeline this week? We expect hydrogen investments in the United States to pick up steam with these new proposed incentives, although such investments are still lagging behind Asia and the European Union. Since we only lease the Clarity Fuel Cell, its less of an issue for Honda than it would be if we were selling the vehicles, in which situation, the buyer may be motivated by the credit..