Tax Credits for Alternative Energy Manufacturing Facilities Just Announced

February 15, 2013

In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act of 2009 included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C Advanced Manufacturing Tax Credit originally provided a 30 percent investment tax credit, valued at an aggregate of $2.3 billion, to 183 domestic clean energy manufacturing facilities. The IRS has just announced the availability of additional 48C allocations, releasing $150 million in remaining tax credits that were never fully utilized by previous awardees.

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