Clean Fuel News

DOE Loan Program and Alternative Fuel Tax Credits Update

On Monday, January 9, the U.S. Department of Energy’s Loans Program Office announced supplements to the existing Title XVII Innovative Clean Energy loan program (Title XVII) and clarifications to the Advanced Technology Vehicles Manufacturing (ATVM) loan program about the eligibility of alternative fueling infrastructure deployment and manufacturing.

Effective immediately, Title XVII, or Improved Energy Technology Loans, are available for eligible fueling infrastructure deployment projects, including the associated hardware and software, for hydrogen, electricity, natural gas, and biofuels.

In addition to providing loans for vehicles and vehicle components, the ATVM Loan Program will also provide direct loans for up to 30% of the cost of re-equipping, expanding, or establishing manufacturing facilities used to produce alternative fuel infrastructure, including associated hardware. Eligible alternative fuels include electricity, hydrogen, natural gas and biofuels. These changes are effective immediately.

In other federal alternative fuel incentive news, Congress did not pass legislation extending the alternative fuels tax credits by the session’s conclusion on January 3, 2017. While there is a history of retroactively reinstating the credits, the following tax credits expired December 31, 2016:

•          Alternative Fuel Excise Tax Credit
•          Alternative Fuel Infrastructure Tax Credit
•          Alternative Fuel Mixture Excise Tax Credit
•          Biodiesel Income Tax Credit
•          Biodiesel Mixture Excise Tax Credit
•          Fuel Cell Motor Vehicle Tax Credit
•          Qualified Two-wheeled Plug-In Electric Drive Motor Vehicle Tax Credit
•          Second Generation Biofuel Producer Tax Credit
•          Second Generation Biofuel Production Property Depreciation Allowance

As always, if you have questions about the loan programs, tax credits, or other topics, please contact the Technical Response Service.

Clean Cities Technical Response Service Team
[email protected]
800-254-6735