To make clean energy tax credits more technology-neutral, the Inflation Reduction Act (IRA) introduced a new statutory framework. The credits — designed to be more widely applicable among various clean electricity technologies — include tax incentives for wind, solar, hydropower, marine and hydr okinetic, geothermal, nuclear fission, fusion energy, and waste energy recovery properties. Specifically, the production tax credit (PTC) under Section 45 was replaced with Section 45Y, and the investment… ...read more read less