The U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules for the technology-neutral clean energy tax credits. The Inflation Reduction Act of 2022 contained a provision to move the investment tax credit (ITC) and production tax credit (PTC) to tech-neutral status in 2025. The final rules retain a provision from proposed rules issued in May 2024 that divides clean energy into technologies that use combustion and gasification and those that don’t. Facilities in the first group must complete a lifecycle analysis of greenhouse gas emissions to prove they qualify for the technology-neutral credits. Solar, wind, hydropower and several other technologies are assumed to have net-zero greenhouse gas emissions and aren’t required to do the analysis. The final rule says IRS will annually publish which technologies have zero emissions, including additions to the existing list. Qualifying projects placed in service after Dec. 31, 2024, are eligible for the revamped credits. The rules will take effect when published in the Federal Register on January 15.