Status of initiative: N/a
Description/achievement of initiative

The renewable electricity production tax credit (PTC) is a per kilowatt-hour (kWh) federal tax credit included under Section 45 of the U.S. tax code for electricity generated by qualified energy resources.
Source: United States Environmental Protection Agency

The PTC provides a corporate tax credit of 1.1 cents/kWh for landfill gas, open-loop biomass, municipal solid waste resources, qualified hydropower, and marine and hydrokinetic (150 kW or larger). Electricity from wind, closed-loop biomass, and geothermal resources receive 2.2 cents/kWh. Projects that receive other government grants or subsidies receive a discounted tax credit.

Implementation methodologies

Arrangements for Capacity-Building and Technology Transfer

Coordination mechanisms/governance structure

Partner(s)

Deliverables
Sustainable Development Goals and targets
Goal 8
Resources devoted to implementation
SMART
This initiative does not yet fulfil the SMART criteria.
SDGs
Information
Location: United States
Date of completion: 1992
Operating in countries
Partner connections
Contact information/focal point(s)
,

Documents
#SDGAction2148
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