Energy credits and deductions updates

  • Prevailing wage and apprenticeship requirements 
    The IRS issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements.
  • Tax deduction for increased energy savings 
    Building owners placing into service energy-efficient commercial building property (EECBP), or energy efficient building retrofit property (EEBRP) may be able to claim a tax deduction. Find out more on eligibility and qualifications in this graphic, easy-to-understand e-Poster. Find more information on the energy efficient commercial buildings deduction webpage.
  • Clean vehicle credit changes
    Consumers considering an automobile purchase should understand several recent changes to the new Clean Vehicle Credit for qualified plug-in electric drive vehicles, including qualified manufacturers and tax rules.