The proposed 45V guidance from the Treasury and IRS, released on December 22, 2023, details the key parameters required for a hydrogen producer to prove their produced hydrogen will ultimately qualify for the production tax credit (PTC). While the guidance discusses many aspects of how this tax credit will be deployed, three key parameters to consider include: (i) incrementality, (ii) temporal matching, and (iii) deliverability. We detail each of these issues in this CRA Insights.
Table 1. Detail of PTC structure
