Treasury unveils eleventh-hour final guidance for hydrogen tax credit

The Treasury Department has released its final, and expanded, guidance on an Inflation Reduction Act tax credit meant to boost investment in hydrogen, creating a pathway for the credits to be accessed through nuclear energy. 

The eleventh-hour rules come just over two weeks before President-elect Donald Trump again takes office. He is expected to try to roll back green tax credits and cancel unspent funding issued during the Biden administration. 

The tax credit, known as “45V,” was created through the Democratic-passed Inflation Reduction Act in 2022 with the intention to encourage decarbonization. 

Its draft rules were first proposed in December 2023 and were subject to a public comment period. The Treasury Department said on Friday that the agency had received around 30,000 written comments and

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