In Brief
- Revenue Procedure 2025-14 introduces the first Annual Table for sections 45Y and 48E, listing non-combustion and gasification facilities.
- IRS Annual Table includes technologies eligible for tech-neutral energy credits, such as wind, solar, and nuclear fission.
- Effective Dates: Revenue Procedure 2025-14 is effective from January 15, 2025, and will be published in IRB: 2025-7 on February 10, 2025.
IRS Releases First Annual Table for Tech-Neutral Energy Credits
The IRS has issued Revenue Procedure 2025-14, which provides the first Annual Table for sections 45Y and 48E. This table lists the types and categories of facilities that qualify for the Clean Electricity Production Credit and the Clean Electricity Investment Credit. These facilities are described as non-combustion and gasification facilities in Treasury Decision 10024.
The Annual Table, effective from January 15, 2025, includes the following technologies eligible for tech-neutral energy credits: Wind (including small wind properties)
- Wind (including small wind properties)
- Hydropower
- Marine and hydrokinetic
- Solar (including photovoltaic and concentrated solar power)
- Geothermal (including flash and binary plants)
- Nuclear fission
- Fusion energy
- Waste energy recovery property that derives energy from a source listed in the table
The list aligns with the final rules released by the IRS earlier this month. The revenue procedure will be published in the Internal Revenue Bulletin (IRB) 2025-7, dated February 10, 2025.
The Treasury Department emphasizes that these tech-neutral credits are crucial for reducing energy costs for American families and businesses. According to projections from the Department of Energy, these credits, along with other provisions from the Inflation Reduction Act and the Bipartisan Infrastructure Law, could help American families save billions on electricity bills through 2030.
Future annual tables may add or remove certain types or categories of facilities based on expert analysis from the National Laboratories, in consultation with inter-agency and other experts.
IRS Circular 230 Required Notice‐‐IRS regulations require that we inform you that to the extent this communication contains any statement regarding federal taxes, that statement was not written or intended to be used, and it cannot be used, by any person (i) for the purpose of avoiding federal tax penalties that may be imposed on that person, or (ii) to promote, market or recommend to another party any transaction or matter addressed herein.