TITLE 26. INTERNAL REVENUE CODE § 45Y. Clean electricity production credit. [Effective January 1, 2025], 26 USCS § 45Y

Summary

(a) Amount of credit.

(1) In general. For purposes of section 38 [26 USCS § 38], the clean electricity production credit for any taxable year is an amount equal to the product of—

(A) the kilowatt hours of electricity—

(i) produced by the taxpayer at a qualified facility, and

(ii)

(I) sold by the taxpayer to an unrelated person during the taxable year, or

(II) in the case of a qualified facility which is equipped with a metering device which is owned and operated by an unrelated person, sold, consumed, or stored by the taxpayer during the taxable year, multiplied by

(B) the applicable amount with respect to such qualified facility.

(2) Applicable amount.

(A) Base amount. Subject to subsection (g)(7), in the case of any qualified facility which is not described in clause (i) or (ii) of subparagraph (B) and does not satisfy the requirements described in clause (iii) of such subparagraph, the applicable amount shall be 0.3 cents.

(B) Alternative amount. Subject to subsection (g)(7), in the case of any ...