Section 13105 of the Inflation Reduction Act of 2022 created section 45U, the zero-emission nuclear power production credit, for electricity produced at a qualified nuclear power facility and sold by the taxpayer to an unrelated person in tax years beginning after December 31, 2023, and before January 1, 2033. The base amount of the Zero-Emission Nuclear Power Production Credit is 0.3 cents/kWh, inflation adjusted after 2024. Credit amount is reduced based on the amount of the qualified nuclear power facility’s gross receipts. Credit amount is increased by up to 5 times or up to 30 percent for facilities meeting prevailing wage requirements. The Zero-Emission Nuclear Power Production Credit is eligible for direct payment or transfer. How to claim the credit Taxpayers will need to complete Part II of Form 7213, Nuclear Power Production Credit to claim the credit. Forms and publications About Form 7213, Nuclear Power Production Credit Related Prevailing wage and registered apprenticeship Elective pay and transferability Notice 2022-49, Request for Comments on Certain Energy Generation Incentives
