ITC – Clean Electricity Investment (Tech-Neutral)

!– §48E — ITC – Clean Electricity Investment (Tech-Neutral) –>

Credit Type

Investment
Tax Credit

Technology

Electricity /
Storage

Eligibility

Technology-neutral: facilities with GHG emissions ≤ zero, plus qualified energy storage properties

Base Rate

6% of
eligible basis

Full Rate

30% of
eligible basis

Bonus Adders

  • Energy Community: +10 pp
  • Domestic Content: +10 pp
  • (stricter OBBBA rules)
  • Low-Income: +10–20 pp
  • (IRS allocation; wind/solar <5 MW)

Duration

Upfront credit on capital investment

Period of Availability

Replaces §48 for projects placed in service after 12/31/2024.
Wind/Solar: Construction before 7/5/2026 with 4-yr safe harbor, OR construction after 7/4/2026 and placed in service before 1/1/2028.
Other tech (e.g., storage): Construction before 1/1/2036 with 4-yr safe harbor. Phasedown: 75% (2034), 50% (2035).

Transferable (§6418)

Yes

Key Limitations & Notes

  • Cannot stack with §48, §45, §45Y, §48C, or §45Q
  • 5-year recapture per §50
  • Additional 10-year recapture for FEOC effective control violations
  • Subject to FEOC restrictions (Taxpayer & Material Assistance)
  • No inflation adjustment