Inflation Reduction Act: Clean hydrogen and carbon-capture credits explained

Part of the Tax News & Views podcast series

With the Inflation Reduction Act introducing new and revised renewable energy tax credits in 2022, executives need to know what’s changed and whether their businesses still meet eligibility requirements. In this latest episode, Deloitte Tax credits and incentives specialists discuss the new clean hydrogen production credit and nuances of the modified carbon-capture credit.

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Inflation Reduction Act: Clean hydrogen and carbon-capture credits explained

Carbon intensity—it matters, especially for businesses looking to qualify for the 45Q and 45V renewable energy tax credits under the Inflation Reduction Act of 2022. In this episode, Jeremy DeMuth and Quynh Nguyen, Deloitte Tax credits and incentives specialists, discuss the specifics of the clean hydrogen production and carbon-capture credits, the science behind them, and the eligibility requirements executives now need to consider.

To determine clean hydrogen eligibility based on carbon intensity, companies would need to conduct a life cycle analysis of greenhouse gas emissions to quantify the environmental impacts.

— Quynh Nguyen

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