The IRS issued a fact sheet regarding accelerated phaseouts of certain energy tax credits and deductions pursuant to the “One Big Beautiful Bill Act” (OBBBA). This includes the: (1) Section 179D energy efficient commercial buildings deduction, which will not be allowed with respect to any property the construction of which begins after June 30, 2026; (2) Section 45W qualified commercial clean vehicle credit, which will not be allowed for any vehicle acquired after September 30, 2025; and (3) Section 30D new clean vehicle credit. The fact sheet also provides the phaseout dates for the Section 25C Energy Efficient Home Improvement Credit, the Section 25D Residential Clean Energy Credit, the Section 25E Previously-Owner Clean Vehicles Credit, the Section 30C Alternative Fuel Vehicle Refueling Property Credit, and the Section 45L New Energy Efficient Home Credit. The IRS notes that further guidance will be issued on other provisions impacted by OBBBA.
