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Clean Hydrogen Production Tax Credit

Internal Revenue Service

Base Amount

Potential Total

Incentive Attributes

Policy Type:
Tax Incentive
Start Date:
January 1, 2023
Expiration Date:
January 1, 2033
Applicable Technology: 
Hydrogen producers
Incentive Type:
Value per unit (includes production tax credits applied to goods produced)
Rate:
$0.60
Percentage:
Bonuses:
Prevailing Wage and Apprenticeship Requirements

Eligibility Requirements

    Producers of hydrogen in the United States.
    Taxpayers can make an irrevocable election to choose the ITC in lieu of the 45V credit as long as they have not claimed the 45Q credit for carbon sequestration. Credit reduced for tax-exempt bonds with similar rules as section 45.
    RELEVANT ANNOUNCEMENTS
    Request for Comments on Credits for Clean Hydrogen and Clean Fuel Production (11/3/2022): https://www.irs.gov/pub/irs-drop/n-22-58.pdf
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