Research | Policy Briefs

Inflation Reduction Act of 2022
Overview of clean energy provisions

IRA BRIEFS:
Overview | 30C | 30D 25E 45W | 45Q | 45V | 45X | 45Y | 48C | 48E

The Inflation Reduction Act of 2022 provides a number of opportunities for small and medium-sized businesses to take advantage of tax credits related to clean energy. To assist chambers of commerce and economic development organizations in helping their communities seek these economic benefits, Chambers for Innovation and Clean Energy (CICE) present this new policy brief series on the IRA.

In this policy series on clean energy provisions in the IRA, Emily Burlinghaus, director of policy and research at CICE, breaks down a number of key provisions in the IRA that chambers of commerce, economic development groups, and the business community should be aware of. These are:

  • 30C Alternative Fuel Vehicle Refueling Property Credit (IRA Section 13404)

  • 30D 25E 45W credits for deployment and use of personal and commercial electric vehicles (EVs): 30D (IRA Section 13401), 25E (IRA Section 13402), and 45W (IRA Section 13403)

  • 45Q Credit for Carbon Oxide Sequestration (IRA Section 13104)

  • 45V Clean Hydrogen Tax Credit (IRA Section 13204)

  • 45X Advanced Manufacturing Production Credit (IRA Section 13502)

  • 45Y Clean Electricity Production Credit (IRA Section 13701)

  • 48C Qualifying Advanced Energy Project Credit (IRA Section 13501)

  • 48E Clean Electricity Investment Tax Credit (ITC) (IRA Section 13702)

CICE will continue to breakdown more provisions in the bill that benefit the clean energy economy, as the government released additional guidance. Please use the link at the top of the page to read policy briefs on each of these credits.

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