Inflation Reduction Act: Climate / Energy / Environmental Justice Provisions
Text of the bill can be found here
Dollar estimates for the tax credits can be found here
Click here for a spreadsheet version of this summary (with comparisons to prior bill versions)
Created by Ben Beachy, Vice President for Industrial Policy at BlueGreen Alliance. For questions: [email protected]
Electricity
* Tax Credits
* Renewable Energy Production Tax Credit
* Sec. 13101: Extension and modification of credit for electricity produced from certain renewable resources
* Dollar amount: $51.062 billion
* Clean Electricity Investment Tax Credit
* Sec. 13702: Clean electricity investment credit
* Dollar amount: $50.858 billion
* Nuclear Production Tax Credit
* Sec. 13105: Zero-emission nuclear power production credit
* Dollar amount: $30.001 billion
* Energy Investment Tax Credit
* Sec. 13102: Extension and modification of energy credit
* Dollar amount: $13.962 billion
* Clean Electricity Production Tax Credit
* Sec. 13701: Clean electricity production credit
* Dollar amount: $11.204 billion
* Carbon Capture Tax Credit
* Sec. 13104: Extension and Modification of Credit for Carbon Oxide Sequestration
* Dollar amount: $3.229 billion
* Cost Recovery for Energy Technology
* Sec. 13703: Cost recovery for qualified facilities, qualified property, and energy storage technology
* Dollar amount: $0.624 billion
* Low-Income Solar and Wind Investment Tax Credit
* Sec. 13103: Increase in energy credit for solar and wind facilities placed in service in connection with low-income communities
* Dollar amount: Included in the Sec. 13101 and Sec. 13102 tax credits
* Greenhouse Gas Reduction Fund
* Sec. 60103: Greenhouse Gas Reduction Fund
* Dollar amount: $27 billion
* Rural Electric Cooperative Loans
* Sec: 22004: USDA assistance for rural electric cooperatives
* Dollar amount: $9.7 billion
* Energy Infrastructure Reinvestments
* Sec. 50144: Energy infrastructure reinvestment financing
* Dollar amount: $5 billion (and $250 billion in loan guarantee authority)
* Clean Energy Loan Guarantees
* Sec. 50141: Funding for Department of Energy Loan Programs Office
* Dollar amount: $3.6 billion (and $40 billion in loan guarantee authority)
* Transmission Facility Loans
* Sec. 50151: Transmission facility financing
* Dollar amount: $2 billion
* National Laboratory Investments
* Sec. 50172: National laboratory infrastructure
* Dollar amount: $2 billion
* Office of Science – $1.55 billion
* Office of Fossil Energy and Carbon Management – $0.15 billion
* Office of Nuclear Energy – $0.15 billion
* Office of Energy Efficiency and Renewable Energy – $0.15 billion
* Rural Energy for America Program
* Sec. 22002: Rural Energy for America Program
* Dollar amount: $1.177 billion
* Hydrogen and fuel cell technologies: $1 billion
* Underutilized renewable energy technologies: $0.177 billion
* Rural Renewable Energy Loans
* Sec. 22001: Additional funding for electric loans for renewable energy
* Dollar amount: $1 billion
* Interstate Transmission Line Grants
* Sec. 50152: Grants to facilitate the siting of interstate electricity transmission lines
* Dollar amount: $0.76 billion
* Uranium Investments
* Sec. 50173: Availability of high-assay low-enriched uranium
* Dollar amount: $0.7 billion
* Interregional Transmission Planning Investments
* Sec. 50153: Interregional and offshore wind electricity transmission planning, modeling, and analysis
* Dollar amount: $0.1 billion
* Tribal Energy Loan Guarantees
* Sec. 50145: Tribal Energy Loan Guarantee Program
* Dollar amount: $0.075 billion
* Offshore Wind Leasing
* Sec. 50251: Leasing on the Outer Continental Shelf
* Dollar amount: N/A
* Fossil Fuel Resources
* Sec. 50261: Offshore oil and gas royalty rate; Sec. 50262: Mineral Leasing Act modernization; Sec. 50263: Royalties on all extracted methane; Sec. 50264: Lease sales under the 2017-2022 Outer Continental Shelf Leasing Program; Sec. 50265: Ensuring energy security
* Dollar amount: N/A
Transportation
* Tax Credits
* New EV Tax Credit
* Sec. 13401: Clean vehicle credit
* Dollar amount: $7.541 billion
* Biodiesel Tax Credits
* Sec. 13201: Extension of incentives for biodiesel, renewable diesel, and alternative fuels; Sec. 13202: Extension of second-generation biofuel incentives
* Dollar amount: $5.625 billion
* Commercial EV Tax Credit
* Sec. 13403: Qualified commercial clean vehicles
* Dollar amount: $3.583 billion
* Clean Fuel Production Tax Credit
* Sec. 13704: Clean fuel production credit
* Dollar amount: $2.946 billion
* EV Charging / Alt Fuel Tax Credit
* Sec. 13404: Alternative fuel refueling property credit
* Dollar amount: $1.738 billion
* Used EV Tax Credit
* Sec. 13402: Credit for previously owned clean vehicles
* Dollar amount: $1.347 billion
* Aviation Fuel Tax Credit
* Sec: 13203: Sustainable Aviation Fuel Credit
* Dollar amount: $0.049 billion
* Neighborhood Access and Equity Grants
* Sec. 60501: Neighborhood Access and Equity Grant Program
* Dollar amount: $3.045 billion
* USPS Clean Fleet Investments
* Sec. 70002: United State Postal Service Clean Fleets
* Dollar amount: $3 billion
* Clean Ports Investments
* Sec. 60102: Grants to reduce air pollution at ports
* Dollar amount: $3 billion
* Zero-Emission Heavy-Duty Vehicle Investments
* Sec. 60101: Clean Heavy-Duty Vehicles
* Dollar amount: $1 billion
* Low-Emission Aviation Grants
* Sec. 40007: Alternative fuel and low-emission aviation technology program
* Dollar amount: $0.297 billion
* Biofuels Investments
* Sec. 60108: Funding for Section 211(O) of the Clean Air Act
* Dollar amount: $0.015 billion
Buildings
* Tax Credits
* Residential Clean Electricity Tax Credit
* Sec. 13302: Residential clean energy credit
* Dollar amount: $22.022 billion
* Residential Energy Efficiency Tax Credit
* Sec. 13301: Extension, increase, and modifications of nonbusiness energy property credit
* Dollar amount: $12.451 billion
* New Energy Efficient Home Tax Credit
* Sec. 13304: Extension, increase, and modifications of new energy efficient home credit
* Dollar amount: $2.043 billion
* Commercial Energy Efficiency Tax Deduction
* Sec. 13303: Energy efficient commercial buildings deduction
* Dollar amount: $0.362 billion
* Home Electrification and Energy Efficiency Rebates
* Sec. 50121: Home energy performance-based, whole house rebates; Sec. 50122: High-efficiency electric home rebate program; Sec. 50123: State-based home energy efficiency contractor training grants
* Dollar amount: $9 billion
* Whole-house energy efficiency retrofit rebates – $4.3 billion
* Electrification rebates – $4.5 billion
* Training for contractors – $0.2 billion
* Affordable Housing Resilience and Efficiency Investments
* Sec. 30002: Improving energy efficiency or water efficiency or climate resilience of affordable housing
* Dollar amount: $1 billion
* Efficient Building Code Adoption Grants
* Sec. 50131: Assistance for latest and zero building energy code adoption
* Dollar amount $1 billion
* Federal Building Investments
* Sec. 60502: Assistance for federal buildings
* Dollar amount: $0.25 billion
Manufacturing
* Tax Credits
* Wind, Solar, and Battery Manufacturing Production Tax Credit
* Sec. 13502: Advanced manufacturing production credit
* Dollar amount: $30.632 billion
* Hydrogen Production Tax Credit
* Sec: 13204: Clean Hydrogen
* Dollar amount: $13.166 billion
* Clean Manufacturing Investment Tax Credit
* Sec. 13501: Extension of the advanced energy project credit
* Dollar amount: $6.255 billion
* Industrial Emissions Reduction Investments
* Sec. 50161: Advanced Industrial Facilities Deployment Program
* Dollar amount: $5.812 billion
* Low-Carbon Materials Investments
* Sec. 60112: Environmental Product Declaration Assistance; Sec. 60116: Low-embodied carbon labeling for construction materials; Sec. 60503: Use of low-carbon materials; Sec. 60504: General Services Administration emerging technologies; Sec. 60506: Low-carbon transportation materials grants; Sec. 70006: FEMA building materials program
* Dollar amount: $5.475 billion
* Federal Buildings Fund – $2.15 billion
* Federal Highway Administration – $2 billion
* General Services Fund – $0.975 billion
* Environmental Product Declarations – $0.25 billion
* Low-embodied carbon labeling – $0.1 billion
* EV Manufacturing Loans
* Sec. 50142: Advanced Technology Vehicle Manufacturing
* Dollar amount: $3 billion
* EV Manufacturing Grants
* Sec. 50143: Domestic manufacturing conversion grants
* Dollar amount: $2 billion
* Defense Production Act
* Sec. 30001: Enhanced use of Defense Production Act of 1950
* Dollar amount: $0.5 billion
Environmental Justice and Community Resilience
* Climate Pollution Reduction Grants
* Sec. 60114: Climate pollution reduction grants
* Dollar amount: $5 billion
* Drought Response Investments
* Sec. 50231: Bureau of Reclamation domestic water supply projects; Sec. 50232: Canal improvement projects; Sec. 50233: Drought mitigation in the reclamation states