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December 22, 2024

U.S. Department of the Treasury

EMC Engineering Services
Treasury Department NOPR Seeks to Clarify IRA’s ITC Rules

The Treasury Department released guidelines for the Inflation Reduction Act’s investment tax credits for clean energy projects.

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Treasury Issues Principles for Net-zero Financing, Investment
The Treasury Department published guidance for private-sector financial support of net-zero initiatives,  a set of voluntary best practices to promote consistency and credibility.
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Treasury Previews ‘Phase 2’ of IRA Tax Credit Rollout

Starting in 2024, consumers buying an electric vehicle that qualifies for a $7,500 tax credit under the Inflation Reduction Act.

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Treasury Dept. Finalizes IRA Low-income Tax Credit Adder
Treasury Department issues final guidance for lower-income community bonus on IRA tax credits for clean energy projects.
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Hydrogen Tax Credit Design is Key to Decarbonization
The Treasury Department is working to implement the 45v tax credit, which is the largest incentive passed under the Inflation Reduction Act and is meant to incentivize clean hydrogen production.
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Clean Hydrogen and Renewable Energy Feud over Tax Credit Rules
Power demands from the upstart clean hydrogen industry could lead to a dirtier electric grid.
E3/ACORE
How Green is that Green Hydrogen?
Federal production tax credits for green hydrogen will depend on the "cleanliness" of the power used to produce it.
GM
Treasury Releases Revised List of EVs Eligible for IRA Tax Credits
The Treasury Department's revised list of EVs qualifying for federal tax credits provided mixed news for U.S. and foreign automakers and prospective buyers.
DOE
IRA Tax Credits Draw Clean Energy Projects to Coal Communities
Millions in new funding and bonus tax credits are heading to new clean energy projects in communities impacted by the closure of fossil fuel-based industries.
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Transparent, Traceable Supply Chains Key to EV Domestic Content Rules
The transparency and traceability of critical minerals and battery components will be essential for automakers as they work to meet domestic content provisions.

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