Credit for Production of Advanced Nuclear Power Facilities

The credit for production of advanced nuclear power applies to facilities that began construction before 2014 and 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. No facilities are currently claiming this credit, but certain plants currently under construction are expected to be eligible for the credit once placed in service.