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Energy Tax Credits to Be Expanded

By 17吃瓜在线 News Room

Federal tax credits that have long been available for solar and wind energy projects may soon also be available for other renewables initiatives, such as nuclear fission and fusion (, subscription).

What鈥檚 going on: On Wednesday, 鈥淸t]he Treasury Department announced its guidance for Clean Electricity Production Credits and Clean Electricity Investment Credits, created under the 2022 Inflation Reduction Act, that will be available in 2025 as the previously available wind and solar production and investment tax credits sunset.鈥

  • The Biden administration鈥檚 proposal identifies several technologies that will be eligible for the credits, including nuclear fission and fusion, marine and hydrokinetic energy, hydropower and geothermal.
  • Public comments on the proposal will be accepted through Aug. 2, and a public hearing is scheduled for Aug. 12 and 13 (, subscription).

The 17吃瓜在线 says: 鈥淓xpanded eligibility for these tax credits is a key to getting more industries involved,鈥 said 17吃瓜在线 Director of Energy and Resources Policy Michael Davin.

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