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Energy Efficiency Revolving Loan Fund Capitalization Grant Program (IIJA 40502) - Department of Energy Programs to be Amended or Implemented under the Infrastructure Investment and Jobs Act (IIJA): (...) In general, in terms of policy objectives, the IIJA will invest in energy efficiency and clean energy improvements in residential homes, schools, businesses, and communities to make them cleaner and more affordable. It will fund new programs to support the development, demonstration, and deployment of cutting edge clean energy technologies to accelerate the United States' transition to a zero emission economy.

Biodiesel and Renewable Diesel Credit: There is a tax credit for biodiesel or renewable diesel used as a fuel. This credit is equal to $1.00 per gallon for biodiesel (including agri biodiesel) and $1.00 per gallon for renewable diesel. In addition, small producers of biodiesel are eligible for a 10 cent per gallon income tax credit. The credit is included in a taxpayer's gross income.

Alternative Fuel Mixture Credit: An excise tax credit is available for alternative fuels including liquefied petroleum gas, P Series fuels, compressed or liquefied natural gas, liquefied hydrogen, liquefied fuel derived from coal through the Fischer Tropsch process, compressed or liquefied gas derived from biomass, or liquid fuel derived from biomass. (...)

Sustainable Aviation Fuel Credit: The Sustainable Aviation Fuel Credit was enacted by the Inflation Reduction Act of 2022 and is authorized under section 40B of the Internal Revenue Code. Between 1 January 2023 and 31 December 2024, a credit of $1.25 plus a supplementary credit of up to $0.50 per gallon of sustainable aviation fuel in a qualified mixture is available to registered producers. The supplementary credit is $0.01 per percentage point by which the lifecycle GHG emissions reduction exceeds 50%. (...)

Clean Fuel Production Credit: (...) Starting in 2025, a credit is available for each gallon of clean transportation fuel produced in the United States or possession of the United States (with an emission rate below 50 kg of CO2e per mmBTU). The credit rate is equal to the product of the applicable amount and the emission factor for such fuel.

Clean Hydrogen Production Credit: (...)Starting in 2023 a 10 year production tax credit is available for clean hydrogen produced at a qualified facility in the United States or a U.S. territory. The per kilogram credit rate is equal to the product of $0.60 and an applicable percentage determined by the lifecycle greenhouse gas emissions rate of such hydrogen. The applicable percentage is 20% for emissions rates between 4 kg of CO2e per kg of hydrogen and 2.5 Co2e per kg of hydrogen, 25% for emissions rates between 2.5 kg of CO2e per kg of hydrogen and 1.5 kg of Co2e per kg of hydrogen, 33.4% for emissions rates between 1.5 kg of CO2e per kg of hydrogen and 0.45 kg of Co2e per kg of hydrogen, and 100% for emissions rates below 0.45 kg of CO2e per kg of hydrogen

Credits for Investment in Advanced Coal Facilities and Advanced Gasification Facilities: (...) Under the second round of credit allocations, qualifying projects must include equipment which separates and sequesters at least 65% of the project's total carbon dioxide emissions. Under the second round of credit allocations, the gasification project credit is increased to 30%. An additional $250 million of credits can be allocated to qualified projects that separate and sequester at least 75% of carbon dioxide emissions. (...)

Advanced Energy Property Credit: There are three types of qualified advanced energy projects: A qualified advanced energy project is a project that re equips, expands, or establishes a manufacturing facility for production or recycling of: (1) property designed to be used to produce energy from renewable resources; (2) fuel cells, microturbines, or energy storage systems and components; (3) electric grid modernization equipment or components; (4) property designed to capture, remove, use, or sequester carbon oxide emissions; (5) property designed to refine electrolyze, or blend renewable or low emission/low carbon fuels, chemicals, or products; (6) property designed to produce energy conservation technologies; (7) light , medium , or heavy duty electric or fuel cell vehicles as well as associated technologies, components, or charging or refueling infrastructure; (8) hybrid vehicles not less than 14,000 pounds and associated technologies and components; and (9) other advanced energy property designed to reduce greenhouse gas emissions. (...)

Renewable Energy Production Credit: (...) Qualifying facilities include wind facilities, open loop biomass facilities, closed loop biomass facilities, geothermal facilities, landfill gas facilities, trash facilities, solar facilities, qualified hydro power facilities and marine and hydrokinetic facilities. The credit for electricity from a renewable energy source can be claimed over a 10 year period by facilities placed in service before 1 January 2025. (...) For facilities placed in service after 31 December 2024, the credit transitions to a technology neutral clean electricity production credit authorized by section 45Y of the Internal Revenue Code. Under section 45Y, a qualified facility is an electricity generating facility for which the greenhouse gas emissions rate is not greater than zero. (...)

Zero Emission Nuclear Power Production Credit: The provision was enacted by the Inflation Reduction Act of 2022 and is authorized under section 45U of the Internal Revenue Code. It creates a new production tax credit for electricity generation from eligible existing nuclear power facilities starting in 2024. The structure of the credit is dependent on the amount of electricity produced by the facility, the gross receipts of the nuclear facility, any zero emissions credits the taxpayer has received from a different Federal, State, or local program, and whether those zero emissions credits are reduced according to Federal funding under 45U. (...)