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Author:
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Next Steps
August 19, 2025
As stated above, the IRS is expected to release its draft guidance early this summer, with its final guidance due…
Temporal Accounting
August 19, 2025
The GHG emissions impact of additional electricity demand in the United States can vary vastly over time given the American…
Regionality
August 19, 2025
Regionality establishes a geographical boundary within which both the clean hydrogen production project that the electrolyzer is relying on for…
Additionality
August 19, 2025
The IRS is weighing to what extent hydrogen made with grid-connected electricity should be equally eligible for the tax credit…
Prevailing Wage and Apprenticeship Requirements
August 19, 2025
Taxpayers seeking to qualify for the clean hydrogen production and clean hydrogen investment tax credits must ensure that all laborers…
Clean Hydrogen Production Credit
August 19, 2025
Under section 45V of the Code, the clean hydrogen production credit is allowable for qualified clean hydrogen produced after 2022…
Background
August 19, 2025
In August 2022, the United States passed the Inflation Reduction Act (IRA), earmarking approximately $369 billion for energy security and…
Takeaways:
August 19, 2025
Last year, the Inflation Reduction Act (IRA) amended the Internal Revenue Code (Code) to include new provisions for a clean…
IRS to Determine Guidance on the Inflation Reduction Act’s Clean Hydrogen Production Credit
August 19, 2025
As mandated by the Inflation Reduction Act, the IRS will promulgate regulations describing how to measure hydrogen producer’s greenhouse gas…
Conclusion
August 19, 2025
The Commission anticipates that while electricity demand for hydrogen is “negligible,” demand will increase towards 2030 in conjunction with the…
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