Brought to you by NextPower Capital
Projects must begin construction to qualify for full tax credits
Target Date: July 3, 2026
0% of time elapsed since enactment
Foreign entities of concern restrictions take full effect
Target Date: December 31, 2025
0% of time elapsed since enactment
| 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) | |
|
FEOC: None
Construction: Begin by Dec 31, 2024 |
FEOC: None
Construction: Begin by Dec 31, 2032 Sunset: Later of 2032 or emissions targets |
FEOC: Taxpayer 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) | |
|
FEOC: None
Construction: Begin by Dec 31, 2024 Geothermal heat pumps begin by Dec 31, 2032 |
FEOC: None
Construction: Begin by Dec 31, 2032 Sunset: Later of 2032 or emissions targets |
FEOC: Taxpayer 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) | ||
|
FEOC: None
Based on production/sale dates Components Sunset: Phaseout 2030-2032; Minerals: Permanent |
FEOC: None
Based on production/sale dates Components Sunset: Phaseout 2030-2032; Minerals: Permanent |
FEOC: Taxpayer 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) | ||
|
FEOC: None
Construction: Begin by Dec 31, 2032 Note: Credit created in IRA but implementation begins Jan 1, 2025
|
FEOC: None (notably exempt)
Construction: Begin by Dec 31, 2027 |
|
| Section 45Q Credit (Carbon Capture) | ||
|
FEOC: None
Construction: Begin by Jan 1, 2033 |
FEOC: None
Construction: Begin by Jan 1, 2033 |
FEOC: Taxpayer cannot be SFE/FIE
Construction: Begin by Jan 1, 2033 (unchanged) |
| Section 45U PTC (Nuclear Power) | ||
|
FEOC: None
Applies to existing facilities Sunset: Dec 31, 2032 |
FEOC: None
Applies to existing facilities Sunset: Dec 31, 2032 |
FEOC: Taxpayer 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) | ||
|
FEOC: None
Based on fuel sale dates Sunset: Dec 31, 2027 Note: Credit created in IRA but implementation begins Jan 1, 2025
|
FEOC: Taxpayer 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) | ||
|
FEOC: Limited (EV battery supply chain only)
Purchase/acquisition based Sunset: Dec 31, 2032 |
FEOC: Limited (EV battery supply chain only)
Purchase/acquisition based Sunset: Dec 31, 2032 |
FEOC: N/A (credits terminated)
30D & 25E & 45W: Terminated Sept 30, 2025 30C (Refueling): Terminated June 30, 2026 |
| Residential Credits (25C, 25D, 45L) | ||
|
FEOC: None
Installation/acquisition based 25C: Through 2032; 25D: Through 2034; 45L: Through 2033 |
FEOC: None
Installation/acquisition based 25C: Through 2032; 25D: Through 2034; 45L: Through 2033 |
FEOC: N/A (credits terminated)
25C: Terminated Dec 31, 2025; 25D: Terminated Dec 31, 2025 45L: Terminated June 30, 2026; 179D: Terminated June 30, 2026 |
Select a project/component type and year to see domestic content requirements
CohnReznick
July 17, 2025
Sidley
July 15, 2025
Williams Mullen
July 10, 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 →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 →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 →Executive order directing federal agencies to end subsidies and preferences for energy sources controlled by foreign adversaries and unreliable energy technologies.
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.”