7210 Clean Hydrogen Production Credit

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7210

Clean Hydrogen Production Credit

Department of the Treasury
Internal Revenue Service

Attach to your tax return.
Go to www.irs.gov/Form7210 for instructions and the latest information.

Form

OMB No. 1545-0123

2024

Attachment
Sequence No. 210
Identifying number

Name(s) shown on return

Caution: You cannot take the section 45V credit with respect to any qualified clean hydrogen produced at a facility that includes
carbon capture equipment for which the section 45Q credit is allowed to any taxpayer for the tax year or any prior tax year. Production
and sale or use of clean hydrogen must be verified by an unrelated party. Attach a copy of the verification report to the tax return.
A

TREASURY/IRS
AND OMB USE
ONLY DRAFT
December 4, 2024
DO NOT FILE
(i) Enter the facility’s emissions value or rate for each hydrogen production process
and (ii) the Department of Energy (DOE) control number, if applicable (see instructions)

Part I
1

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Information on Qualified Clean Hydrogen Production Facility

2

If making an elective payment election or transfer election, enter the IRS-issued registration number
of the facility:
If different than filer, enter (i) owner’s name
and (ii) owner’s TIN

a

.

Address and description of the facility:

b Coordinates.

(i) Latitude:

(ii) Longitude:

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Enter a “+” (plus) or “-” (minus) sign in the first box.

3
4
5

Date construction began (MM/DD/YYYY):
Date placed in service (MM/DD/YYYY):

Check this box if the facility is eligible for the increased credit amount. See instructions .

Part II

Less than 0.45 . . . . .
0.45 to less than 1.5 . . .
1.5 to less than 2.5 . . . .
2.5 to not greater than 4.0 .
Credit before reduction. Add
instructions . . . . . .

Part III

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Clean Hydrogen Production

Emissions (kg CO2e per kg of qualified clean hydrogen)
(see instructions)

6a
b
c
d
7

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Enter a “+” (plus) or “-” (minus) sign in the first box.

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column
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(c)
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of
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lines
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(a)
Kilograms of qualified
clean hydrogen produced
(see instructions)

(b)
Applicable
amount

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6a
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6b
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6c
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6d
6a through 6d and enter the amount.
. . . . . . . . . . . . . .

(c)
Column (a) x Column (b)

$0.622
$0.208
$0.156
$0.124
See
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7

Credit Reduction for Tax-Exempt Bonds

If you used proceeds of tax-exempt bonds to finance your facility, continue to line 8a; otherwise, enter
the amount from line 7 on line 9.
8a

Divide.

Sum, for the tax year and all prior tax years, of all proceeds of
tax-exempt bonds (within the meaning of section 103) used to
finance the qualified facility, as of the close of the tax year

=

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8a

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8b
8c
8d
9

Increased credit amount for qualified clean hydrogen production facilities. If you checked the box
on line 5, multiply the amount on line 9 by 5.0. Otherwise, enter the amount from line 9 here . .
Clean hydrogen credit from partnerships and S corporations . . . . . . . . . . . . .

10
11

Add lines 10 and 11. Partnerships and S corporations, stop here and report this amount on
Schedule K. All others, stop here and report this amount on Form 3800, Part III, line 1g. See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12

Aggregate amount of additions to the capital account for the
qualified facility, for the tax year and all prior tax years, as of
the close of the tax year
b Multiply line 7 by line 8a . . . . . . . . . . . . . . . .
c Multiply line 7 by 15% (0.15) . . . . . . . . . . . . . .
d Enter the smaller of line 8b or 8c . . . . . . . . . . . . .
9
Subtract line 8d from line 7 . . . . . . . . . . . . . . .

Part IV
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Clean Hydrogen Production Credit

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 56404K

Form 7210 (2024)