Clean Technology Manufacturing Investment Tax Credit

The Clean Technology Manufacturing investment tax credit provides a refundable 30% tax credit for investments in manufacturing and processing of clean technologies by providing support for new machinery and equipment used in the production and processing of clean technologies, as well as the extraction, processing, or recycling of critical minerals,  manufacturing of zero-emission vehicles and grid-scale electrical energy storage facilities, manufacturing of renewable or nuclear energy equipment; and processing or recycling of nuclear fuels and heavy water. The tax credit is available to qualifying taxpayers that make eligible investments in clean technology manufacturing property, starting on January 1, 2024, for property that is acquired and becomes available for use on or after that date.

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