UPDATE: Today’s 48C Tax Credit Webinar Has Been Cancelled

The 2pm EST webinar covering the 48C Manufacturing Tax Credit has been cancelled. We will provide an updated date, time, and signup link when the webinar is re-scheduled.

The U.S. Department of Energy (DOE) and the Department of the Treasury have announced the availability of $150 million in Advanced Energy Manufacturing Tax Credits for clean energy and energy efficiency manufacturing projects. These credits, commonly referred to as IRC 48C credits, represent a second round of investment and are part of a larger $2.3 billion in credits issued through the Recovery Act.  The program supports manufacturing of a range of clean energy products, from renewable energy equipment to energy efficiency products to advanced energy storage and carbon capture technology.  A full list of eligible projects is included in the 48C Manufacturing Tax Credit fact sheet.

Remaining tax credits will be allocated on a competitive basis. Projects will be assessed by the Department of Energy based on the following criteria: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions. The Department of Energy will also consider additional factors including diversity of geography, technology, project size, and regional economic development. The full solicitation is available on the IRS website.

Author: Laura B.

I'm the Illinois Sustainable Technology Center's Sustainability Information Curator, which is a fancy way of saying embedded librarian. I'm also Executive Director of the Great Lakes Regional Pollution Prevention Roundtable. When not writing for Environmental News Bits, I'm an avid reader. Visit Laura's Reads to see what I'm currently reading.

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