Hydrogen tax credits could help developers secure project financing: experts

February 10, 2022

Hydrogen tax credits proposed within the Biden administration’s Build Back Better Act would not only help bring down the cost of clean hydrogen, the credits themselves could catalyze hydrogen projects by helping developers lock-in long-term financing, energy financing experts say.

The proposed bill would offer producers either production tax credits, which would offer up to $3/kg of clean hydrogen, or investment tax credits, which would pay for up to 30% of the cost of electrolyzers or other clean hydrogen production equipment. The amount of either would depend on the carbon intensity of a project’s hydrogen production process.

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