Fuel cells, geothermal, energy storage and nuclear energy are all still eligible for the Inflation Reduction Act’s investment tax credit (ITC), while the Big Beautiful Bill Act phases out the ITC for solar, wind and electric vehicles.

The ITC provides 30% tax credits for projects that meet prevailing wage and apprenticeship requirements. Developers can claim bonus credits for projects in low-income communities, energy communities or those that use domestic content.

Energy companies developing the ITC-eligible technologies are finding ways to take advantage of the ITC and source their materials in the U.S., avoiding Foreign Entity of Concern provisions in the Big Beautiful Bill Act that make it difficult to obtain materials in China and other countries.

This means these companies can help microgrid developers crank out clean kWh more quick ly and cost-effectively to help meet soaring demand from data centers, electrification and AI, they say. And they can be deployed 24-7 as baseload power.

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https://www.microgridknowledge.com/generation-fuels/article/55318140/these-carbon-free-technologies-still-get-the-itc-how-they-can-help-microgrids-meet-soaring-demand