News Solartex
Advertisement
No Result
View All Result
No Result
View All Result
News Solartex
No Result
View All Result
Home Solar Contractors

450 projects invited to apply for Round 2 of 48C advanced energy tax credit

admin by admin
August 30, 2024
in Solar Contractors
0
450 projects invited to apply for Round 2 of 48C advanced energy tax credit
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Share

More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program. The concept papers (project proposals) equate to nearly $40 billion in tax credits while representing $200 billion in total project investments.

Round 2 of the 48C Program will only dole out $6 billion in credits, and 450 projects across 46 states and the District of Columbia were encouraged to apply for the next step. These projects span large, medium and small businesses and non-profits, all of which must meet prevailing wage and apprenticeship requirements to receive a 30% investment tax credit.

Applicants who submitted a concept paper, whether they received an encourage or discourage letter, may now submit a full application on the 48C Portal. Applications are due by Friday, Oct. 18.

The 48C Program, funded by the Inflation Reduction Act, is designed to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities. DOE is partnering with the Treasury Dept. and the IRS to implement the Qualifying Advanced Energy Project Tax Credit (48C).

Round 1 of the program distributed $4 billion in credits to 100 projects earlier this year. Noteworthy solar winners included Highland Materials for its polysilicon factory and SolarCycle for its recycled glass plant.

Source link

Previous Post

NASA’s Europa Clipper Equipped with Massive Solar Arrays for Jupiter Mission

Next Post

Five big solar stories in the news this week – pv magazine USA

admin

admin

Next Post
Five big solar stories in the news this week – pv magazine USA

Five big solar stories in the news this week – pv magazine USA

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AIKO vs. Trina Solar Panels

AIKO vs. Trina Solar Panels

May 15, 2024
Solar Battery Covers | Cover My Inverter

Solar Battery Covers | Cover My Inverter

October 1, 2023
ADT Solar to close 22 of 38 branches

ADT Solar to close 22 of 38 branches

November 2, 2023
The 5 Best Solar Panels For Your Home or Business

The 5 Best Solar Panels For Your Home or Business

September 29, 2023
The 5 Best Solar Panels For Your Home or Business

The 5 Best Solar Panels For Your Home or Business

0
The Truth About German Made Solar Panels – Don’t Fall For The Scam!

The Truth About German Made Solar Panels – Don’t Fall For The Scam!

0
Electric Element vs Heat Pump Calculator – MC Electrical

Electric Element vs Heat Pump Calculator – MC Electrical

0
AEE Solar opens new PV equipment distribution center in California

AEE Solar opens new PV equipment distribution center in California

0
What Australia’s Next Solar Rebate Drop Means For Homeowners in 2026

What Australia’s Next Solar Rebate Drop Means For Homeowners in 2026

October 13, 2025
SolarEdge Inverter Review 2025

SolarEdge Inverter Review 2025

October 13, 2025
The Solar Warranty Details That Could Cost You Big

The Solar Warranty Details That Could Cost You Big

October 13, 2025
Enphase Microinverters Product Review 2025

Enphase Microinverters Product Review 2025

October 13, 2025

Recent News

What Australia’s Next Solar Rebate Drop Means For Homeowners in 2026

What Australia’s Next Solar Rebate Drop Means For Homeowners in 2026

October 13, 2025
SolarEdge Inverter Review 2025

SolarEdge Inverter Review 2025

October 13, 2025
The Solar Warranty Details That Could Cost You Big

The Solar Warranty Details That Could Cost You Big

October 13, 2025
Enphase Microinverters Product Review 2025

Enphase Microinverters Product Review 2025

October 13, 2025
News Solartex

©2024 SOLARTEX USA LLC

Navigate Site

Follow Us

No Result
View All Result
  • Contact Us
  • Home 1
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • Privacy Policy
  • Sample Page
  • Term of Use

©2024 SOLARTEX USA LLC