Clean Electricity Tax Credits: These credits provide up to a 30% investment tax credit (ITC) or a $26/MWh production tax credit (PTC) for solar, wind, geothermal and certain other new clean electricity generation facilities meeting prevailing wage and apprenticeship requirements. A production tax credit of up to $15/MWh is available to existing nuclear generation facilities, depending on the market price they receive for the electricity they sell.
Clean Hydrogen Production Tax Credit: This credit provides up to $3 per kg of hydrogen from facilities meeting prevailing wage and apprenticeship requirements, depending on the lifecycle greenhouse gas emissions from producing it. The credit starts at $0.60 per kg of hydrogen with lifecycle emissions of less than 4 kg CO2-equivalent per kg of hydrogen (kgCO2e/kgH2). Hydrogen with lifecycle emissions less than 0.45 kgCO2e/kgH2 is eligible for the full credit. IRS guidance on determining the lifecycle emissions from hydrogen production is forthcoming and could have a significant impact on how effective this credit is in reducing emissions.
Advanced Energy Project Credit: This credit allocates $10 billion for investments in qualifying advanced energy projects. The goal of this credit is to expand U.S. manufacturing capacity, reduce domestic industrial emissions, and to secure domestic critical mineral supply chains needed for the clean energy transition.
Sustainable Aviation Fuel Credit: Qualified business entities can access a credit of $1.25 per gallon of Sustainable Aviation Fuel in a mixture. To qualify for the credit, Sustainable Aviation Fuel must have a minimum reduction of 50% in lifecycle greenhouse gas emissions.
In Missouri, using solar energy is recognized as a property right, but it cannot be acquired through eminent domain. Easements for the construction, reconstruction, remodeling, or acquisition of solar energy systems must be in writing and follow the same recording and conveyance requirements as other easements. Solar easements are classified as negative (restrictive) easements and cannot be obtained through prescription; they must be expressly negotiated.
In June 2022, Missouri passed S.B. 820, which bars deed restrictions, covenants, and similar agreements tied to the land from prohibiting or unreasonably restricting rooftop solar panel installations.
Title XI Section 163.04: Energy devices based on renewable resources Florida state laws expressly forbid the prohibition of solar panels by local entities, including homeowners associations. Some rules regarding design and appearance may be allowed, for example, in historic districts.
The Texas Senate Bill (SB) 1626 allows developers to prohibit homeowners in residential subdivisions from installing solar panels on their homes during the development period only if the development consists of 50 or fewer units
In Hawaii, electricity prices are higher compared to states on the U.S. mainland. As a result, homeowners can achieve significant savings by generating their own energy using solar panels. The Aloha State provides several incentives for those who choose to go solar, including a solar tax credit of up to $5,000.
