45U: Zero-Emission Nuclear Power Production Credit
Internal Revenue Service (IRS)
To provide tax credits for electricity produced at a qualified nuclear power facility.
Applicant and/or Project Eligibility Requirements
Facilities eligible for the 45J advanced nuclear production tax credit are not eligible for the 45U credit.
Must be zero carbon electricity produced at the nuclear facility.
A 5 times multiplier is available if prevailing wage requirement is met for workers doing alteration or repair at the facility.
Tax-exempt entities can leverage these credits through a new mechanism known as "elective" or "direct" pay. To learn more about how these tax credits work for entities with and without tax liability, check out our Funding Guidance here: https://cityrenewables.org/funding-guidance/understanding-available-incentives/tax-credits-for-renewable-energy/
Credit amount phases down depending on the amount of energy produced and the gross receipts of the nuclear power facility.