Projects coming online as soon as 2025 can qualify for credits, including some using traditional fossil fuels, with additional amounts added for factors including prevailing wages, apprenticeship, domestic content, and energy community location.
Feds put on record the fine print of incentives set to propel lowest carbon production—but developers say timing of power sourcing and emissions reporting mandates put hydrogen sector growth at risk.
Incentives tied to craft worker compensation and apprenticeship on clean energy projects won't require developers to have project labor agreements, says the U.S. Treasury Dept.
Officials attribute the rise in manufacturing construction spending to the CHIPS and Science Act and other legislation that has incentivized private investment.
The U.S. Energy Dept. updates its strategy to cut emissions with clean hydrogen, but the Treasury Dept. won't propose until summer rules on how emissions from its production are counted when awarding critical project tax incentives outlined in the 2022 climate law.
U.S. Treasury Dept. details Inflation Reduction Act investment and production tax incentives that could unlock billions for more domestic manufacturing, but projects could still gain credits even with use of polysilicon wafers that one trade group said is 95% imported from China.
Much anticipated US Treasury Dept. release adds detail on Inflation Reduction Act wage and training standards to accelerate clean energy project incentives, but some issues and potential conflicts have yet to be addressed, says industry.
