Section 45Y of the Internal Revenue Code (I.R.C.), or the Clean Electricity Production Tax Credit (PTC), offers a technology-neutral per-kilowatt-hour (kWh) tax credit for the production of electricity from qualified sources with a greenhouse gas (GHG) emissions rate of no greater than zero. The credit is available for a period of ten years starting from the date a qualified facility is placed in service.

Share This Story!

Related Posts