The Solar Production Tax Credit (PTC) is a crucial federal tax incentive that drives solar power growth by incentivizing renewable energy projects and supporting domestic manufacturing. Today it's a 6% base or 30% if you meet prevailing-wage & apprenticeship (PWA) rules (or qualify for the small-project exception), with potential +10 pts bonuses for. The renewable electricity production tax credit (PTC) is a per kilowatt-hour (kWh) federal tax credit included under Section 45 of the U. The. On June 16, 2025, the Senate Finance Committee released its first draft of budget reconciliation legislation in response to H. 1, the “One Big Beautiful Bill Act” (the “Bill”), passed by the House of Representatives on May 22, 2025. Add us as a Google Preferred Source to see more of our articles in your search results.