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Qualifying Advanced Energy Project Credit: Difference between revisions
Qualifying Advanced Energy Project Credit (view source)
Revision as of 00:13, 12 February 2025
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|ProgramType=Program | |ProgramType=Program | ||
|OrgSponsor=Office of Manufacturing and Energy Supply Chains | |OrgSponsor=Office of Manufacturing and Energy Supply Chains | ||
|TopOrganization=Department of Energy | |||
|CreationLegislation=Inflation Reduction Act | |CreationLegislation=Inflation Reduction Act | ||
|Purpose=To incentivize investments in clean energy manufacturing and industrial decarbonization projects through tax credits. It aims to expand domestic clean energy manufacturing capabilities and reduce greenhouse gas emissions.<ref>{{cite web |url=https://www.energy.gov/mesc/qualifying-advanced-energy-project-credit |title=Qualifying Advanced Energy Project Credit |accessdate=January 30, 2025}}</ref> | |Purpose=To incentivize investments in clean energy manufacturing and industrial decarbonization projects through tax credits. It aims to expand domestic clean energy manufacturing capabilities and reduce greenhouse gas emissions.<ref>{{cite web |url=https://www.energy.gov/mesc/qualifying-advanced-energy-project-credit |title=Qualifying Advanced Energy Project Credit |accessdate=January 30, 2025}}</ref> | ||
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|InitialFunding=$10 billion<ref>{{cite web |url=https://www.irs.gov/credits-deductions/qualifying-advanced-energy-project-credit |title=Qualifying Advanced Energy Project Credit |accessdate=January 30, 2025}}</ref> | |InitialFunding=$10 billion<ref>{{cite web |url=https://www.irs.gov/credits-deductions/qualifying-advanced-energy-project-credit |title=Qualifying Advanced Energy Project Credit |accessdate=January 30, 2025}}</ref> | ||
|Duration=Indefinite | |Duration=Indefinite | ||
|Historic= | |Historic=Yes | ||
}} | }} | ||
'''Qualifying Advanced Energy Project Credit (48C)''' is designed to incentivize investments in clean energy manufacturing and industrial decarbonization projects through tax credits. It aims to expand domestic clean energy manufacturing capabilities, reduce greenhouse gas emissions, and support energy communities by allocating credits for qualified investments in advanced energy projects.<ref>{{cite web |url=https://www.energy.gov/mesc/qualifying-advanced-energy-project-credit |title=Qualifying Advanced Energy Project Credit |accessdate=January 30, 2025}}</ref> | '''Qualifying Advanced Energy Project Credit (48C)''' is designed to incentivize investments in clean energy manufacturing and industrial decarbonization projects through tax credits. It aims to expand domestic clean energy manufacturing capabilities, reduce greenhouse gas emissions, and support energy communities by allocating credits for qualified investments in advanced energy projects.<ref>{{cite web |url=https://www.energy.gov/mesc/qualifying-advanced-energy-project-credit |title=Qualifying Advanced Energy Project Credit |accessdate=January 30, 2025}}</ref> | ||