Senate softens 45V rollback, extends hydrogen credit window to 2027
The US Senate has moved to extend the 45V hydrogen production tax credit’s construction window through 2027 in the latest draft of the Trump administration’s budget bill.
The updated draft from the Senate Budget Committee moves the start-of-construction deadline from 1 January 2026 to 31 December 2027, giving developers two more years to qualify for up to $3/kg.
The change comes as a shift from earlier versions of the bill passed by the House of Representatives and circulated by the Senate Finance Committee, both of which planned to sunset the credit far earlier than originally legislated.
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