U.S. Department of the Treasury Releases Final Rules for Technology-Neutral Clean Electricity Credits

With final rules in place, technology-neutral clean electricity credits will grow the economy, create good-paying jobs, and help save American families up to $38 billion on electricity bills through 2030WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and the IRS released final rules for the Clean Electricity Investment and Production Tax Credits – also known as the technology-neutral credits – in tax code sections 45Y and 48E.These credits are central to cutting energy costs for American families and businesses and producing abundant, affordable power to meet growing demand created by major investments in the U.S. economy. According to analysis from the Department of Energy, the tech-neutral credits, along with other Inflation Reduction Act and Bipartisan Infrastructure Law provisions, are expected to save American families up to $38 billion on electricity bills through 2030.The Clean Electricity Credits encourage innovation by allowing new zero-emissions technologies to develop over time, while also providing durable incentives for