This notice establishes the expanded Qualifying Advanced Energy Project Credit program under Section 48C of the Internal Revenue Code to allocate $10 billion of credits ($4 billion of which may be allocated only to projects located in certain energy communities) for qualified investments in eligible qualifying advanced energy projects. The goal of this program is to expand U.S. manufacturing capacity and quality jobs for clean energy technologies (including production and recycling), to reduce greenhouse gas emissions in the U.S. industrial sector, and to secure domestic supply chains for critical materials (including specified critical minerals) that serve as inputs for clean energy technology production.
More About this Resource
Publisher: Department of the Treasury, Internal Revenue Service
Date: February 13, 2023
Type: Program Guidance
Tags: Batteries, Clean Energy, Electric Vehicles, Energy Efficiency, Energy Storage, Inflation Reduction Act
Sector(s): Other Climate
State(s): Nationwide