‘Still time to get this right’: FCHEA urges Congress to correct course on hydrogen tax credit
The Fuel Cell and Hydrogen Energy Association (FCHEA) has issued a sharp rebuke of a Senate committee’s draft budget bill, warning that its decision to uphold the proposal to terminate the 45V hydrogen tax credit undermines the US’ ability to lead in hydrogen.
The trade body is calling on lawmakers to adopt a “realistic, multi-year construction window” in the credit that reflects the timeline needed for complex infrastructure projects.
On Monday (16 June), the Senate Finance Committee released its reconciliation text of the Trump administration’s draft budget bill, which retained a clause from the House-passed version to terminate the 45V tax credit from the 2022 Inflation Reduction Act.
The move would see 45V’s expiry date pulled back from 1 January 2033 to 1 January 2026. This means only projects that start construction before the end of 2025 will be eligible for the incentive of up to $3/kg of hydrogen.
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