Tax Credits Series

Clean energy tax credits, decoded credit by credit — the United States federal stack after OBBBA (48E, 45Y, 45Q, 45V, 45X, 45Z) and Canada’s five refundable clean economy ITCs, with the rates, deadlines, content rules and monetisation routes that decide what a project actually collects.

By Vaibhav Jain (US) & Koorosh Behrang (Canada) • Updated August 2026

Start Here — United States

Start Here — Canada

The Library

Credit by Credit, Both Borders

Series Leads

Vaibhav Jain Managing Director, Climate Decode Managing Director at Climate Decode and lead of the firm’s United States clean energy tax credit practice, covering qualification, foreign entity (FEOC) compliance, and credit monetisation across sections 48E, 45X, 45Q and 45V, with delivered engagements including federal 45Q advisory for a utility carbon capture project. Vaibhav brings over 12 years across climate policy, carbon finance and clean fuel regulation, including carbon intensity modelling and credit commercialisation under Canada’s CFR and credit stacking strategy across the CFR, Alberta TIER, BC OBPS and WCI frameworks, with earlier climate finance work alongside the World Bank, UNDP and GIZ. Speak to Vaibhav →

Koorosh Behrang Founder, Climate Decode Founder of Climate Decode with more than 10 years of experience across decarbonization strategy, corporate sustainability, Net Zero target setting, and compliance carbon markets. His work centres on the interaction between decarbonization pathways and regulated carbon systems. Koorosh has worked extensively across programs including WCI, Ontario EPS, Alberta TIER, BC OBPS, Canada’s Clean Fuel Regulations, the EU ETS and FuelEU Maritime, and leads the firm’s Canadian clean economy ITC work, including 45V clean hydrogen advisory covering eligibility, carbon intensity computation and annual management. Speak to Koorosh →