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- Tax Credit
IRA Statuatory Location:
13502
Tax Code Location:
26 U.S. Code § 45X
New or Modified Provision:
New
Eligible Recipients:
Domestic manufacturers
Tribal Eligibility:
Yes
Funded by:
U.S. Department of Treasury
Description
Provides a production tax credit for domestic manufacturing of components for solar and wind energy, inverters, battery components, and critical minerals.
Direct Pay Eligibility:
None
Transferability:
Yes
Stackability:
Cannot claim 45X credit for property produced at facilities that received the Inflation Reduction Act 48C credit.
Energy Community Bonus:
No
Relevant Announcements
Related Resources
Additional information is available on the Resources page.Key Details
Period of Availability
Credit for critical minerals is permanent starting in 2023. For other items, the full credit is available between 2023-2029 and phases down over 2030-2032.
Tax Mechanism:
Production tax credit
Base Credit Amount:
Varies by technology
Bonus Credit Amount:
None