IRA: Good News for Nuclear

August 29, 2022

The Inflation Reduction Act offers several wins for nuclear power. New nuclear power plants are eligible to claim an Investment Tax Credit for facilities that go into service in 2025 or later. Starting in 2024 and through 2032, utilities are eligible for a production tax credit of $15/MWh for existing nuclear plants. This credit decreases as price rise, but does not phase out completely until prices reach $44/MWh.

Since 2013, twelve reactors have shut down before the expiration of operating permits. Generally speaking, it has become difficult for reactors to compete with prices from wind and solar assets.

For more:
https://www.cnbc.com/2022/08/22/what-the-climate-bill-does-for-the-nuclear-industry.html?recirc=taboolainternal