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FEDERAL
Section 45V Clean Hydrogen Production Tax Credit
Federal tax credit per kg of clean hydrogen produced, up to $3/kg for the lowest-carbon hydrogen.
About this program
Section 45V provides a per-kilogram production tax credit for clean hydrogen produced at a qualified facility in the U.S. The credit tiers from $0.60 to $3.00 per kg based on the lifecycle greenhouse gas emissions intensity of the production process, and is multiplied by 5x when the project meets prevailing wage and apprenticeship rules. Under the OBBBA, the 45V credit terminates for facilities that begin construction after December 31, 2027. Credits are transferable.
Eligibility
Owners of qualified clean hydrogen production facilities in the U.S. that produce hydrogen with lifecycle greenhouse gas emissions below 4 kg CO2e per kg H2 (per the GREET model).
Requirements
- Verify lifecycle GHG emissions intensity via the 45VH2-GREET model
- Begin construction by December 31, 2027
- Meet prevailing wage and apprenticeship requirements