Enacted in August 2022, the Inflation Reduction Act expanded energy tax credits significantly by increasing credit amounts and broadening eligibility criteria to include new technologies. The Act allows firms to develop and sell energy tax credits, offering reassurance to industry participants concerned about the future of energy tax credits. Treasury and the IRS released final regulations for technology-neutral electricity tax credits in January 2025, providing guidance on qualifying clean energy investments. Bonus credits are available for projects in low-income communities, using domestically manufactured components, or meeting wage and apprenticeship requirements. The regulations aim to support the development of clean energy projects through various incentives. Furthermore, the regulations outline paths for innovative processes and clarify requirements for qualifying technologies, including hydrogen energy storage. Additional updates in 2025 introduce a Clean Hydrogen Credit, bonus credits for projects benefiting low-income communities, proposed rules for clean vehicle tax credits, and guidance on producing sustainable aviation fuel. These updates highlight the government's efforts to promote clean energy investments, support domestic production, and incentivize innovation in emerging technologies.