Tax Rebates/Credit & Incentives
For your hydrogen fuel cell generator system
Federal incentives for hydrogen fuel cells
Hydrogen fuel cells may be eligible for a 30% federal tax credit.
**Reminder: these incentives can be time sensitive. Act now to qualify!**
What are the details?
There are several portions of this legislation that give tax benefits to hydrogen fuel cell users.
Energy Credit
The legislation grants an extension to the 30% investment tax credit through 2024.
Energy Storage Credit
Users have the possibility of an energy storage credit through the federal government. This is a provision that is available through 2025.
Clean Hydrogen Production Credit
This is a 10-year incentive for the production of energy using fuel cells. This gives users up to $3 per kilogram or a 30% investment tax credit.
| Kg of CO2 per kg of H2 | Credit Value in Dollars |
|---|---|
| 4 - 2.5 kg CO2 | $0.60 / kg of H2 |
| 2.5 - 1.5 kg CO2 | $0.75 / kg of H2 |
| 1.5 - 0.45 kg CO2 | $1.00 / kg of H2 |
| 0.45 - 0 kg CO2 | $3.00 / kg of H2 |
*All information on this page is strictly educational in nature and is not tax advice. Please contact a tax attorney or CPA with questions on tax incentive qualifications in your area.
**All numbers are subject to change and fluctuation. Oncore Energy takes no responsibility for actual rebates, credits and incentives.