TITLE 26. INTERNAL REVENUE CODE § 48E. Clean electricity investment credit. [Effective January 1, 2025], 26 USCS § 48E

Summary

(a) Investment credit for qualified property.

(1) In general. For purposes of section 46 [26 USCS § 46], the clean electricity investment credit for any taxable year is an amount equal to the applicable percentage of the qualified investment for such taxable year with respect to—

(A) any qualified facility, and

(B) any energy storage technology.

(2) Applicable percentage.

(A) Qualified facilities. Subject to paragraph (3)—

(i) Base rate. In the case of any qualified facility which is not described in subclause (I) or (II) of clause (ii) and does not satisfy the requirements described in subclause (III) of such clause, the applicable percentage shall be 6 percent.

(ii) Alternative rate. In the case of any qualified facility—

(I) with a maximum net output of less than 1 megawatt (as measured in alternating current),

(II) the construction of which begins prior to the date that is 60 days after the Secretary publishes guidance with respect to the requirements of paragraphs (3) and (4) of subsection (d), or