The IRS has released proposed regulations that provide guidance for determining and claiming the clean electricity production credit (Section 45Y) and the clean electricity investment credit (Section 48E). The Inflation Reduction Act established the two clean energy credits. Taxpayers may be eligible for a credit on electricity produced from a qualified clean electricity facility or for a qualified investment in a qualified clean electricity facility or energy storage technology. The proposed regs provide guidance for these types of facilities placed in service after 2024 and expand the number of technologies eligible for the credits. For more details: https://bit.ly/4e6sm5N
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