Inflation Reduction Act (IRA) Tax Credits

The Inflation Reduction Act (IRA) is the most significant investment in climate and clean energy in U.S. history. More than half of the new spending coming out of the IRA will be in the form of tax credits. These credits will have wide reaching, cross-sector impacts for industry, and consumers can tap directly into these crucial resources as well.

Below are resources for each tax credit contained within the IRA, including fact sheets detailing eligibility, period of availability, and credit amount, and links to U.S. Internal Revenue Service announcements and guidance. For more information, visit the White House’s Clean Energy for All website, here.

Tax Credits for Industry, Developers, and Investment


Advanced Energy Project Credit (26 U.S. Code § 48C)
Advanced Manufacturing Production Credit (26 U.S. Code § 45X)

Clean Energy Technologies

Cost Recovery for Qualified Facilities, Qualified Property, and Energy Storage Technology (26 U.S. Code § 168(e)(3)(B); IRA section 13703)

Cleaner Transportation Fuels

Extension of Second-Generation Biofuel Incentives (26 U.S. Code § 40)
Extension of Tax Credit for Alternative Fuels (26 U.S. Code § 6426(d), 26 U.S. Code § 6426(e), 26 U.S. Code § 6427(e))
Extension of Incentives for Biodiesel and Renewable Diesel (26 U.S. Code § 40A, 26 U.S. Code § 6426(c), 26 U.S. Code § 6427(e))

Tax Credits for Consumers

Clean Vehicles