Section 45Z

Clean Fuel Production Credit

Credits for the production of clean transportation fuels with low lifecycle greenhouse gas emissions.

Overview

Section 45Z provides a production tax credit for clean transportation fuels, including sustainable aviation fuel (SAF) and other clean fuels. The credit amount is based on the lifecycle greenhouse gas emissions of the fuel produced, with higher credits for fuels with lower emissions. This technology-neutral approach encourages innovation across various clean fuel pathways.

Credit Structure

Base Rate
$0.20/gallon

Base credit per gallon

Base rate scaled by emissions factor (non-aviation fuels)

Enhanced Rate
5x Multiplier

With Prevailing Wage & Apprenticeship

$1.00/gallon

Enhanced credit per gallon

With prevailing wage requirements (non-aviation fuels)

Bonus Multipliers

Sustainable Aviation Fuel

+Higher Rates

SAF receives a minimum $1.25/gallon base credit, up to $1.75/gallon with wage requirements.

Emissions Factor Scaling

+Variable

Credit amount scales based on lifecycle GHG emissions relative to petroleum baseline.

Eligibility & Requirements

  • 1
    Fuel must be produced in the United States
  • 2
    Must be used for transportation purposes
  • 3
    Lifecycle GHG emissions must be at least 25% lower than petroleum baseline
  • 4
    Production must occur after December 31, 2024
  • 5
    Must be registered with IRS and meet all reporting requirements

Direct Pay Election

Tax-exempt entities may elect direct payment for Section 45Z credits on qualified clean fuel production.

Learn More About Direct Pay
Effective Period:2025 – 2027

Ready to Buy or Sell Section 45Z Credits?

The Tax Credit Exchange can help you navigate Section 45Z tax credit transactions.