The Qualifying Advanced Energy Project Credit (48C) program was established by the American Recovery and Reinvestment Act of 2009 and expanded with a $10 billion investment under the Inflation Reduction Act of 2022. Treasury and IRS established the expanded Qualifying Advanced Energy Project Credit program under section 48C of the Internal Revenue Code on February 13, 2023 and provided updated guidance in June 2023. [Full Text Here]
