2nd round of $6bn tax credits for advanced energy projects announced by Treasury and IRS under the Inflation Reduction Act.
The Treasury and IRS have released Notice 2024-36, announcing a second round of $6bn in credits for advanced energy project tax credits. The program, established by the Inflation Reduction Act, incentivizes clean energy manufacturing, recycling, decarbonization, and critical materials processing. $2.5bn will be allocated to coal-affected communities. Applications are to be submitted through the Qualified Advanced Energy Project Credit Program Applicant Portal.
April 29, 2024
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