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Construction Start Deadline

Projects must begin construction to qualify for full tax credits

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Target Date: July 3, 2026

0% of time elapsed since enactment

FEOC Deadline

Foreign entities of concern restrictions take full effect

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Target Date: December 31, 2025

0% of time elapsed since enactment

Tax Credits Overview

Tax Credits Overview

IRA to OB3 Transition

IRA ERA (Through Dec 31, 2024)
TRANSITION PERIOD (Jan 1 - Jul 4, 2025)
OBBB ERA (After Jul 4, 2025)
Section 45 PTC (Legacy Renewable)
Section 45Y PTC (Clean Energy)
Construction: Begin by Dec 31, 2024
Construction: Begin by Dec 31, 2032
Sunset: Later of 2032 or emissions targets
FEOCTaxpayer cannot be SFE/FIE; Material Assistance prohibited after Dec 31, 2025
Wind/Solar: Begin by July 4, 2026 OR placed in service by Dec 31, 2027; Other Tech: Begin by Dec 31, 2033
Other Tech Sunset: Phaseout starts 2034
Section 48 ITC (Legacy Energy)
Section 48E ITC (Clean Electricity)
Construction: Begin by Dec 31, 2024
Geothermal heat pumps: begin by Dec 31, 2032
Construction: Begin by Dec 31, 2032
Sunset: Later of 2032 or emissions targets
FEOCTaxpayer cannot be SFE/FIE; Material Assistance prohibited after Dec 31, 2025; 100% recapture risk
Wind/Solar: Begin by July 4, 2026 OR placed in service by Dec 31, 2027; Other Tech: Begin by Dec 31, 2033
Other Tech Sunset: Phaseout starts 2034
Section 45X PTC (Manufacturing)
Based on: production/sale dates
Components Sunset: Phaseout 2030-2032
Minerals: Permanent
Based on: production/sale dates
Components Sunset: Phaseout 2030-2032
Minerals: Permanent
FEOCTaxpayer cannot be SFE/FIE; Material Assistance prohibited after July 4, 2025
Based on: production/sale dates
Wind components: Terminated after Dec 31, 2027
Critical minerals: Phaseout 2031-2033
Section 45V PTC (Clean Hydrogen)
Construction: Begin by Dec 31, 2032
Note: Credit created in IRA but implementation begins Jan 1, 2025
FEOCNone (notably exempt)
Construction: Begin by Dec 31, 2027
Section 45Q Credit (Carbon Capture)
Construction: Begin by Jan 1, 2033
Construction: Begin by Jan 1, 2033
FEOCTaxpayer cannot be SFE/FIE
Construction: Begin by Jan 1, 2033 (unchanged)
Section 45U PTC (Nuclear Power)
Applies to: existing facilities
Sunset: Dec 31, 2032
Applies to: existing facilities
Sunset: Dec 31, 2032
FEOCTaxpayer cannot be SFE (immediate); Cannot be FIE 2 years post-enactment (Jul 4, 2027)
Applies to: existing facilities
Sunset: Dec 31, 2032 (unchanged)
Section 45Z PTC (Clean Fuel)
Based on: fuel sale dates
Sunset: Dec 31, 2027
Note: Credit created in IRA but implementation begins Jan 1, 2025
FEOCTaxpayer cannot be SFE (immediate); Cannot be FIE 2 years post-enactment
Based on: fuel sale dates
Sunset: Extended to Dec 31, 2029
Vehicle Credits (30D, 25E, 45W)
FEOCLimited (EV battery supply chain only)
Based on: Purchase/acquisition
Sunset: Dec 31, 2032
FEOCLimited (EV battery supply chain only)
Based on: Purchase/acquisition
Sunset: Dec 31, 2032
TERMINATED
FEOCN/A (credits terminated)
30D & 25E & 45W: Terminated Sept 30, 2025
30C (Refueling): Terminated June 30, 2026
Residential Credits (25C, 25D, 45L)
Based on: Installation/acquisition
25C: Through 2032; 25D: Through 2034; 45L: Through 2033
Based on: Installation/acquisition
25C: Through 2032; 25D: Through 2034; 45L: Through 2033
TERMINATED
FEOCN/A (credits terminated)
25C: Terminated Dec 31, 2025; 25D: Terminated Dec 31, 2025
45L: Terminated June 30, 2026; 179D: Terminated June 30, 2026
  • SFE (Specified Foreign Entity): companies and persons from China, North Korea, Russia, and Iran, as well as parties specifically identified on a list of concerning actors, such as foreign terrorist organizations, OFAC-listed entities, Chinese military companies, or Uyghur Forced Labor list entities
  • FIE (Foreign Influenced Entity): Entities where SFEs have ≥25% ownership (single) or ≥40% (combined), ≥15% debt ownership, board appointment authority, or "effective control" through payments
  • FEOC (Foreign Entity of Concern): Encompasses both SFEs and FIEs as defined above
  • Material Assistance: Includes engineering, procurement, construction, operation, maintenance, or financial support from prohibited entities

Quick Look

45Y
Solar/Wind Modified & Other Tech Phased-Out

Clean Energy Production

Modified requirements
Wind and solar must be placed in service before Dec. 31, 2027
48E
Solar/Wind Modified & Other Tech Phased-Out

Clean Energy Investment

Modified requirements
Wind and solar must be placed in service before Dec. 31, 2027
45X
Phased-Out

Advanced Manufacturing

Multiple phase-outs
Various deadlines by component type
45V
Phased-Out & No FEOC

Clean Hydrogen

Eliminated
For projects beginning construction after Dec. 31, 2027
45Q
Price Change

Carbon Oxide Sequestration

$17/ton base rate
Updated standard starting in 2025
45U
FEOC Only

Nuclear Power Production

No change
Status unchanged
45Z
Extended

Clean Fuel

Extended
Extended through Dec. 31, 2029
EV
Phased-Out

EV Credits

Multiple termination dates
Various EV credits ending between 2025-2026
RES
Phased-Out

Residential Credits

Multiple termination dates
Various residential credits ending between 2025-2026

FEOC Calculator

Find Requirements

Select a project/component type and year to see domestic content requirements

Project & Component Type

Material Assistance Requirement

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Compliance Requirements

Select a project/component type and year above to see specific compliance requirements

Analysis & News

Top Analysis

CohnReznick

July 17, 2025

Renewable energy: OBBB’s enacted changes to PTC, ITC, EV credits

Read Analysis →

Sidley

July 15, 2025

The 'One Big Beautiful Bill' Act – Navigating the New Energy Landscape

Read Analysis →

Williams Mullen

July 10, 2025

One, Big, Beautiful Bill Amends Renewable Energy Tax Credits – Summary of Key Changes

Read Analysis →

Latest Developments

Over $6.7 billion in U.S. clean energy projects cancelled in June

July 24, 2025

Over 5,300 jobs were lost in the month of June alone as negative policy outcome and ongoing uncertainty led to canceled projects and factories, said the E2 and the Clean Economy Tracker.

Read Full Article →

'Final nail:' Trump administration memo could strike fatal blow to wind and solar power

July 18, 2025

The department’s new policy requires Interior Secretary Doug Burgum’s office to weigh in on virtually every permit for solar and wind projects with a nexus to Interior.

Read Full Article →

One Big Beautiful Bill is anti-solar: An industry reacts

July 14, 2025

The budget bill and a Trump executive order are expected to have a damaging effect to the solar industry, but strong fundamentals like increased demand and lowered component costs are expected to drive installations forward.

Read Full Article →

Resources

Podcasts

LinkedIn

Official Sources & Policy Documents

White House Executive Order
July 7, 2025 Active

Ending Market-Distorting Subsidies for Unreliable Foreign‑Controlled Energy Sources

Executive order directing federal agencies to end subsidies and preferences for energy sources controlled by foreign adversaries and unreliable energy technologies.

Effective: July 7, 2025
View Full Text
U.S. Congress Congressional Bill
June 4, 2025 Active

H.R. 1 - One Big Beautiful Bill Act, 2025

Reconciliation law that phases out key clean‑energy tax incentives, sets earlier deadlines for construction, and introduces new restrictions on foreign-linked projects, while shifting federal energy support toward fossil fuels and nuclear energy.”

Effective: July 4, 2025
View Full Text