EPAct Transportation Regulatory Activities Phone: (202) 366-2053 Fueling equipment for natural gas, propane, liquefied hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel installed through December 31, 2022, is eligible for a tax credit of 30% of the cost, not to exceed $30,000. Alternative Fuel Infrastructure Tax Credit. For further details, please see the IRS Inflation Reduction Act of 2022 website. For class 4 and above (over 14,000 lb) vehicles for commercial use, increases the credit to $40,000. New Clean Hydrogen Production Tax Credit (45V)1 Creates a new 10-year incentive for clean hydrogen production with four tiers and a maximum of 4 kilograms of CO equivalent (CO2e) per kilogram of 2 hydrogen (H 2). Projects can also elect to claim up to a 30% investment tax credit under Section 48. Tax exempt entities can receive an elective payment in lieu of the tax credit. https://epact.energy.gov/contact-us, The U.S. General Services Administration (GSA) must allocate the incremental cost of purchasing alternative fuel vehicles (AFVs) across the entire fleet of vehicles distributed by GSA. Vehicles that meet the critical mineral requirements are eligible for a $3,750 tax credit, and vehicles that meet the battery component requirements are eligible for a $3,750 tax credit. National Clean Diesel Campaign Loan Guarantee Program For more information, see the Reducing Diesel Emissions from Construction and Agriculture website. . Subscribeto ENERGY STARs Newsletter for updates on tax credits for energy efficiency and other ways to save energy and money at home. Technical assistance related to the deployment, operation, and maintenance of electric vehicle supply equipment (EVSE) and hydrogen fueling infrastructure, vehicle-to-grid integration, and related programs and policies; Data sharing of installation, maintenance, and utilization to continue to inform the network build out of EVSE and hydrogen fueling infrastructure; Performance of a national and regionalized study of EVSE and hydrogen fueling infrastructure needs and deployment factors, to support grants for community resilience and electric vehicle (EV) integration; Development and deployment of training and certification programs; Electric infrastructure and utility accommodation planning in transportation rights-of ways; and. Additionally, a taxpayers eligibility for the tax credit may be limited by thresholds for modified adjusted gross income (modified AGI); only individuals having a modified AGI below the following thresholds for the current tax year or the prior tax year are eligible for the tax credit: To be eligible for the Clean Vehicle Credit, the battery powering the vehicle must have a capacity of at least seven kilowatt-hours (kWh). Forrestal Building1000 Independence Avenue, SWWashington, DC 20585, Hydrogen and Fuel Cell Technologies Office, About the Hydrogen & Fuel Cell Technologies Office, Current Approaches to Safety, Codes & Standards, It also expands tax credit to include projects at manufacturing facilities that want to reduce their greenhouse gas emissions by at least20%, Tax credit is funded at $10 billion for eligible projects. adds an election for direct pay provisions to a range of tax credits including the clean hydrogen production credit, the energy investment tax credit, the carbon capture and sequestration credit, alternative fuel vehicle refueling property credit, advanced energy project credit, and others: Allows direct payments to be made in lieu of a reduction in tax liability ("direct pay") and/or an option to monetize the credits by transferring them to an entity with greater tax liability ("transferability"), Direct pay is limited to certain tax exempt and governmental entities for most of the eligible tax credits, This limitation does not apply to the first 5 years of the section 45V clean hydrogen credit, section 45Q carbon capture and sequestration credit, and section 45X advanced manufacturing credit. (Reference Public Law 117-58 and 23 U.S. Code 151). The Inflation Reduction Act of 2022 (Public Law 117-169) amended the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D), now known as the Clean Vehicle Credit, and added a new requirement for final assembly in North America that took effect on August 17, 2022. The Department of Transportations Federal Transit Administration (FTA) offers grants through the Low or No Emission Grant (Low No) Program to local and state government entities for the purchase or lease of low- or zero-emission transit buses, in addition to the acquisition, construction, or lease of supporting facilities. 2017, 2018, 2019: 30% . The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. The Clean Cities Coalition Network provides information about financial opportunities, coordinates technical assistance projects, updates and maintains databases and websites, and publishes technical and informational materials. The maximum credit is $500 per half kilowatt (kW) of power capacity. For loan guarantees of over 80%, the loan must be issued and funded by the Treasury Departments Federal Financing Bank. Enhances the tax credit for carbon capture and direct air capture. Rebate, grant, or other incentive programs that fund the purchase and installation of energy efficiency, renewable energy, and zero-emission transportation and associated infrastructure. Fuel Tax Credits | Internal Revenue Service - IRS The mission of Clean Cities Coalition Network is to foster the economic, environmental, and energy security of the United States by working locally to advance affordable, domestic transportation fuels and technologies. 95-618), which created a temporary 10% tax credit for business energy property and equipment using energy resources other than oil or natural gas. The Secretary of Transportation, in consultation with the Secretary of Labor, must establish the Truck Leasing Task Force (TLTF) to examine common truck leasing arrangements, including specific agreements relating to the Ports of Los Angeles and Long Beach Clean Trucks Program and similar programs to decrease port operations emissions. The Inflation Reduction Act of 2022 (Public Law 117-169) amended the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D), now known as the Clean Vehicle Credit, and added a new requirement for final assembly in North America that took effect on August 17, 2022. For more information, see the FHWA Alternative Fuel Corridors website. lgprogram@hq.doe.gov U.S. Internal Revenue Service Office of Chief Counsel For more information, see the Bipartisan Infrastructure Law CMAQ fact sheet and CMAQ Improvement Program website. Phone: (800) 829-1040 Fuel Cells (Residential Fuel Cell and Microturbine System), See tax credits for 2022 and previous years, Hot Water Boilers (Natural Gas, Propane, Oil), 30% for property placed in service after December 31, 2016, and before January 1, 2020, 26% for property placed in service after December 31, 2019, and before January 1, 2022, 30% for property placed in service after December 31, 2021, and before January 1, 2033, 26% for property placed in service after December 31, 2032, and before January 1, 2034, 22% for property placed in service after December 31, 2033, and before January 1, 2035. Corridor Program grants are available to infrastructure deployments along designated AFCs. News | Press | U.S. Senator Debbie Stabenow of Michigan The credit that may be claimed by each individual is proportional to the costs he/she paid. The U.S. Department of Transportation (DOT) Federal Highway Administration (FHWA) Charging and Fueling Infrastructure Discretionary Grant Program (CFI Program) offers funding to deploy publicly accessible electric vehicle charging and alternative fueling infrastructure in urban and rural communities and along Alternative Fuel Corridors (AFC). Eligible vehicles must be designated for public transportation use and significantly reduce energy consumption or harmful emissions compared to a comparable standard or low emission vehicle. (Reference 10 U.S. Code 2922g), Point of Contact The minimum credit amount is $2,500, and the credit may be up to $7,500 based on each vehicles traction battery capacity. For the 2022 Request for Nominations, state and local officials must submit nominations to FHWA by May 13, 2022. (Reference Public Law 117-58). Toyota Receives Zero Emission CARB Executive Order for HD Fuel Cell What car buyers should know about the coming tax credits for EVs The amount of the credit depends on whether the vehicle meets certain critical minerals and battery component requirements. This mandate also applies to other federal agencies that procure vehicles for federal fleets. The Internal Revenue Service (IRS) has updated the regulations for federal tax credits up to $7,500 on new and used plug-in EVs and hydrogen Fuel Cell Vehicles (FCV). U.S. Internal Revenue Service 2096 and by Senator Martin Heinrich as S. 1142, would have extended the 30 percent energy investment tax credit to energy storage technologies, "equipment which receives, stores, and delivers energy.". Fuel Cells (Residential Fuel Cell and Microturbine System) Tax Credit For ethanol blends containing more than 50% but no greater than 83% ethanol by volume, retailers must (1) post the exact percentage of ethanol concentration, (2) post the percentage rounded to the nearest multiple of 10, or (3) post notice that the fuel contains 51% to 83% ethanol. Point of Contact The U.S. Department of Energy (DOE) offers grants through the Energy Efficiency and Conservation Block Grant (EECBG) Program to reduce energy use and fossil fuel emissions, and to improve energy efficiency in transportation. The fuel cell must have a nameplate capacity of at least 0.5 kW of electricity using an electrochemical process and an electricity-only generation efficiency greater than 30%. (Reference 49 U.S. Code 5312 and 5339, Public Law 114-94, Public Law 113-159, and Public Law 117-58). The U.S. Department of Energy (DOE) provides grants or loan guarantees through the Loan Guarantee Program for the domestic production of efficient hybrid vehicles, plug-in hybrid electric vehicles, all-electric vehicles, and hydrogen fuel cell electric vehicles,.