evidence: The Section 48E ITC will be available until at least 2033. The statute has a planned phase-out that reduced the credit value over a three-year period beginning in the first calendar year after the "applicable year," which is the latter of (i) 2032 or (ii) the calendar year in which the Secretary determines that the annual greenhouse gas emissions from electricity generation are 75% lower than 2022. Assuming 2032 is the "applicable year," the phase-out reduces the maximum ITC value (30% bonus credit) rapidly; the full credit will last until 2033, drop to 22.5% (75% of the maximum) in 2034, and 15% (50% of the maximum) in 2035. Thereafter, this ITC is no longer available.