Credit for Production of Advanced Nuclear Power Facilities


Energy - Nuclear

Subsidy Type

Tax Expenditure

Committees of Jurisdiction

House Committee on Ways and Means, Senate Finance Committee

$60 FY 23 Budget Score (in mil.)
$2,140 FY 23-32 Budget Score (in mil.)

The credit for production of advanced nuclear power applies to facilities with designs approved after 1993 and that are placed in service before 2021. It provides a 1.8 cent per kilowatt hour tax credit that can be claimed during the first eight years after a facility has been placed in service, subject to certain limitations and an annual national cap of $750 million per year. It was enacted as part of the Energy Policy Act of 2005. In 2017, H.R. 1551 allowed for the reallocation of unused credits to other qualifying advanced nuclear power facilities, which are not subject to the requirement to be placed in service before 2021. The amendment also allows public entities to transfer credits to eligible project partners.

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