Finance & markets · 03/06/2024

Treasury Department Proposes Regulations for Clean Electricity Production and Investment Credits Under Inflation Reduction Act

The Treasury Department has released proposed regulations for the clean electricity production credit and clean electricity investment credit established by the Inflation Reduction Act of 2022, outlining rules for determining greenhouse gas emissions rates, provisional emissions rates, and eligibility for these credits, which will affect taxpayers producing clean electricity after 2024 and claim the credits for facilities or energy storage technology placed in service after 2024.