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IRS Provides Guidance on Energy Project Credit Incentives

15 February 2023

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Approved Changes

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United States

The U.S. IRS has announced guidance on Energy Project Credit Incentives for qualifying advanced energy projects and solar and wind power projects for low-income areas under the Inflation Reduction Act. --- IRS and Treasury provide guidance on the Qualifying Advanced Energy Project Credit IR-2023-27, Feb. 13, 2023 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today provided guidance following the enactment of the Inflation Reduction Act to establish a program to allocate credits for qualified investments in eligible qualifying advanced energy projects. Notice 2023-18 establishes the section 48C(e) program to allocate $10 billion in credits ($4...