Energy Department, Treasury Announce Availability of $150 Million in Tax Credits for Clean Energy Manufacturers

On Thursday the Department of Energy and the Treasury announced the availability of $150 million in tax credits as part of the Advanced Energy Manufacturing Tax Credit (commonly referred to at 48C) that was established by the Recovery Act.

These credits were not used by previous awardees in an initial round of $2.3 billion and will be awarded on a competitive basis.

There may be opportunities for ABO members. According to the 48C Manufacturing Tax Credit fact sheet, carbon dioxide capture and sequestration equipment and equipment for refining or blending renewable fuels are both included as eligible.

You can read more about this opportunity in the DOE’s announcement .

Best of luck to those that participate!