The IRS has issued final regulations on the Inflation Reduction Act’s Clean Electricity Production Credit (Section 45Y) and the Clean Electricity Investment Credit (Section 48E). The final regs largely adopt the proposed regs for determining greenhouse gas emissions rates resulting from electricity production, petitioning for provisional emissions rates and determining credit eligibility. Included in the final regs are definitions, guidance on the increased credit amount for satisfying certain prevailing wage and apprenticeship requirements, and guidance on greenhouse gas emissions rates for qualified facilities. For more information: https://bit.ly/3WdxA8P
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