Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities
38 North Solutions
MAY 3, 2024
Expired since 2013, the law provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated projects located in energy communities. For round two, the Treasury Department is making $6 billion available, with $2.5 billion set aside for projects in energy communities.
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