Deadline: Ongoing
Eligible Applicants: Industry
Fuel Type: Hydrogen
Agency: Department of Energy – Office of Energy Efficiency & Renewable Energy
Description: The Clean Hydrogen Production Tax Credit creates a new 10-year incentive for clean hydrogen production tax credit up to $3.00/Kg. Projects can also claim up to a 30% investment tax credit under Section 48. The level of the credit provided is based on carbon intensity, up to a maximum of four kgs of CO2-equivalent per kg of H2. The credit provides a varying, four-tier incentive depending on the carbon intensity of the hydrogen production pathway. The credit measures emissions up to the point of production using the Argonne National Lab Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model (GREET).
Eligible Projects:
- Must begin construction by 2033.
- Includes retrofit facilities.
- Cannot stack with Carbon Capture and Sequestration Tax Credit (45Q).
- Can stack with renewable energy production tax credit and zero-emission nuclear credit.
- Are required to promote good-paying jobs by following prevailing wage standards and apprenticeship requirements to receive full credit.
More Information: Clean Hydrogen Production Credit
