Skip to main content
Categorized under: Fact Sheet

Incentives for CO2 Avoided: Comparison of Renewables Production Tax Credit and Proposed 45Q Legislation

The proposed extension and expansion of Section 45Q tax credits in the 115h Congress is comparable to the dollar per tonne value of avoided carbon from the Section 45 production tax credits (PTC).

The PTC has been offered to power developers since first adopted in the Energy Policy Act of 1992. During that time period, the levelized cost of electricity from wind power has dropped nearly 2/3rds . The proposed changes to section 45Q are similarly focused on moving carbon capture and storage down the cost curve.

Read Fact Sheet