Sections 45, 45Y,
48 and 48E
Energy Generation, Storage & Qualified Biogas Property
Energy Generation, Storage & Qualified Biogas Property
Prevailing Wage and Apprenticeship
Domestic Content
Energy Communities
Low-Income Communities
Prohibited Foreign Entities
Monetization
Energy Tax Resource Library
The traditional Investment Tax Credit, found at Section 48 of the Internal Revenue Code and the Production Tax Credit found at Section 45 are generally only available for projects and facilities that began construction before 2025. Afterwards, the technology neutral Investment Tax Credit found at Section 48E and Production Tax Credit at Section 45Y may be available. However, the One Big Beautiful Bill, signed by the President in July of 2025 made significant modifications to these credits, in particular as they apply to solar and wind facilities and by inclusion of prohibited foreign entity restrictions and an accelerated termination. For more information see "One Big Beautiful Bill Act to Scale Back Clean Energy Tax Credits Under Inflation Reduction Act," (Holland & Knight Alert, June 30, 2025).