Clean Hydrogen Production Tax Credit

Producers of clean hydrogen are eligible for a tax credit of up to $3 per kilogram (kg) of clean hydrogen produced. Qualifying clean hydrogen may not produce more than 4 kg of carbon dioxide equivalent per kg of hydrogen. Eligible projects that meet prevailing wage and apprenticeship requirements are eligible to receive an increased tax credit. Additional terms and conditions apply. For more information and guidance, see the U.S. Internal Revenue Service Credits and Deductions Under the Inflation Reduction Act of 2022 website and proposed guidance.

(Reference Public Law 117-169 and 25 U.S. Code 45V)