How Technology-Neutral Tax Credits Unleash American Energy Dominance

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Beginning in 2025, the United States is introducing new technology-neutral tax credits aimed at promoting sustainable electricity generation. The two proposed credits replace the previous technology-specific Clean Electricity Investment Tax Credit (ITC) and Clean Electricity Production Tax Credit (PTC), which were available for projects starting construction prior to December 31st, 2024. Congress has already approved these tax credits through the Inflation Reduction Act of 2022. The new policy, however, is created to be adaptable, allowing new zero-emission technologies to qualify without them being directly mentioned in the language. The proposal seeks to implement both the ITC and PTC while giving businesses more flexibility in their tax credit plan as well as the technology they choose to use.