Clean hydrogen production credit

This provision would create a new credit for the qualified production of clean hydrogen after December 31, 2022. The credit would be available for qualified clean hydrogen produced at a qualifying facility during its first ten years of operation. The base credit amount would be USD 0.60 per kg times the applicable percentage. Credit amounts would be indexed for inflation. The credit will be available even if the electricity used to generate the hydrogen comes from renewable-energy sources claiming existing renewable-energy tax credits.

The credit would be five times the base credit amount (i.e. up to USD 3.00 per kg) if the clean hydrogen is produced at a facility that meets prevailing wage and registered apprenticeship requirements.

Alternatively, taxpayers