U.S. Clean Energy Investments
Tracking clean energy investments in the U.S.
Federal policy has a direct impact on catalyzing private investments in communities across the U.S. CATF tracks private investments in clean energy projects that are eligible for federal incentives (grants, loans, and tax credits) as well as the status of federal policies that support or jeopardize these investments.
U.S. clean energy investments and the impacts of federal policy on those investments
Tracking where clean energy investments are going and for what projects is critical to understanding how federal policies are benefiting communities and strengthening America’s energy system – and what is at stake should they be disrupted.
Click here to view a full screen version of this map.
This map shares information about local private investments stimulated by federal incentives across the United States, including tax credits, grants, and loans. The map provides data of investments filterable by state, congressional district, technology, and status. Status options include:
- Full Incentive Eligibility: Announced investments proceeding as planned and not expected to be impacted by recent federal policy changes.
- Incentives Eligibility Impacted: Federal incentives (such as grants, loans, and tax credits) have been narrowed or withheld due to federal (legislative or executive) actions.
- Canceled: Investments that have been publicly announced as canceled.
Federal tax credits key
| Technology Sector | Tax Credits |
|---|---|
| Batteries | 45X, 48C |
| Carbon Management | 45Q |
| Cement | 45Q, 48C |
| Clean Fuels | 45Q, 45Z, 48C |
| Critical Minerals | 45X, 48C |
| Electrolyzers | 48C |
| Fueling Equipment | 48C |
| Geothermal | 45Y, 48E |
| Hydrogen | 45V, 45Q |
| Iron and Steel | 45Q, 48C |
| Nuclear Energy | 45U, 45Y, 48E |
| Other Electricity | 45, 48, 45V, 45Y, 45Z, 48E |
| Pulp and Paper | 45Q |
| Sustainable Aviation Fuels | 40B, 45Z |
| Solar | 45, 48, 45Y, 48E, 45X, 48C |
| Storage | 48, 48E |
| Wind | 45, 48, 45Y, 48E, 45X, 48C |
| Zero Emission Vehicles | 48C |
Navigation instructions
Select a state to view data across the entire state. Select a congressional district to view data for a specific district. The topline investment totals will update based on filter selections. Filtered data may be downloaded.
Data contained in this map draws upon data from the Clean Investment Monitor from Rhodium Group and MIT CEEPR and internal analysis done by CATF. For questions about the map, please contact Nataley Williams, Project Manager for U.S. Advocacy and Policy.
Federal policy impacts
CATF publishes a quarterly analysis of how federal policy changes are impacting investments across U.S. states and districts.
Key takeaways from Q3 2025
Recent executive actions, combined with the narrowing of tax credits through the One Big Beautiful Bill Act (OBBBA), have impacted project eligibility for key federal incentives and affected clean energy investments in the following ways in Q3 2025:
- Investment numbers appeared strong for supply chains supporting solar, wind, and zero-emission vehicles as investors rushed to access tax credits with significantly narrowed timelines through the OBBBA – this represents a frontloading of investment, not a signal that these industries will continue to see healthy investment beyond the tax credit time horizon.
- Sustainable aviation fuel and hydrogen investments declined with narrowed timelines to access tax credits and as access to the higher values of these tax credits needed to spur investments decreased due to legislative changes and executive actions.
- Carbon management investments declined despite maintaining tax credit values in OBBBA. Investor uncertainty comes from questions around potential Treasury guidance to access the tax credit, and the potential for DOE to pull back investments in needed demonstrations to advance these technologies in Q4.
Spotlight on executive activity in Q4
DOE announced and considered project award cuts: From May to October, DOE has announced and also considered additional cuts to awarded grants and loans which are additionally impacting projects.
Note: Not all of the announced and considered project award cuts are currently in the investment tracker; more data will be added as available. We will continue to track how investments are impacted in the next quarter by DOE cancellations.
Federal policy opportunities
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