Legal Issues Impacting Your Business

IRC 48C Tax Credit Awards

On January 8, 2010, President Obama announced the award of $2.3 billion for new clean-tech manufacturing jobs. The Recovery Act Advanced Energy Manufacturing Tax Credit was awarded to one hundred eighty three projects in 43 states. Qualifying manufacturers will produce solar, wind, and geothermal energy equipment; fuel cells, microturbines, and batteries; electric cars; electric grids to support the transmission of renewable energy; energy conservation technologies; and equipment that captures and sequesters carbon dioxide or reduces greenhouse gas emissions.

Contact Davis Brown attorney Jason M. Stone for more information about the IRC 48C Tax Credit program. Learn more about the award at the Department of Energy website.