1 | Clean Energy Tax Incentives in the Inflation Reduction Act of 2022 (H.R. 5376) | ||
|---|---|---|---|
2 | Cost estimates are based on preliminary data published by the Joint Committee on Taxation. | ||
3 | |||
4 | Tax Credit | Section | Amount (billions of dollars) |
5 | |||
6 | Renewable Energy Production Tax Credit | 13101 | $51.062 |
7 | Investment Tax Credit | 13102 | $13.962 |
8 | Low-Income Solar and Wind Investment Tax Credit | 13103 | N/A |
9 | Carbon Capture Tax Credit | 13104 | $3.229 |
10 | Nuclear Production Tax Credit | 13105 | $30.001 |
11 | Clean Electricity Production Credit | 13701 | $11.204 |
12 | Clean Electricity Investment Credit | 13702 | $50.858 |
13 | Cost recovery for qualified facilities, qualified property, and energy storage technology | 13703 | $0.624 |
14 | Clean Fuel Production Tax Credit | 13704 | $2.946 |
15 | EV Tax Credit | 13401 | $7.541 |
16 | Used EV Tax Credit | 13402 | $1.347 |
17 | Commercial EV Tax Credit | 13403 | $3.583 |
18 | EV Charging/Alternative Fuels Tax Credit | 13404 | $1.738 |
19 | Biodiesel Tax Credit | 13201 | $5.625 |
20 | Aviation Fuel Tax Credit | 13203 | $0.049 |
21 | Residential Energy Efficiency Tax Credit: | 13301 | $12.541 |
22 | Residential Clean Electricity Tax Credit: | 13302 | $22.022 |
23 | Commercial Energy Efficiency Tax Deduction: | 13303 | $0.362 |
24 | New Energy Efficient Home Tax Credit: | 13304 | $2.043 |
25 | Home Electrification and Energy Efficiency Rebates: | 50121 | $9.000 |
26 | Clean Manufacturing Investment Tax Credit | 13501 | $6.225 |
27 | Wind, Solar, and Battery Manufacturing Production Tax Credit | 13502 | $30.622 |
28 | Clean Hydrogen Tax Credit | 13204 | $13.166 |
29 | |||
30 | Total | $279.750 | |
31 | |||
32 | Revenue | ||
33 | |||
34 | Reinstatement of Superfund Pollution Tax | 13601 | $11.719 |
35 | Black Lung Disability Trust Fund Extension | 13901 | $1.159 |
36 | |||
37 | Total | $12.878 | |