{"id":107197,"date":"2024-08-30T08:29:14","date_gmt":"2024-08-30T12:29:14","guid":{"rendered":"https:\/\/\/?p=107197"},"modified":"2024-08-30T08:29:14","modified_gmt":"2024-08-30T12:29:14","slug":"450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit","status":"publish","type":"post","link":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/","title":{"rendered":"450 projects invited to apply for Round 2 of 48C advanced energy tax credit"},"content":{"rendered":"<p>More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program. The concept papers (project proposals) equate to nearly $40 billion in tax credits while representing $200 billion in total project investments.<\/p>\n<p>Round 2 of the 48C Program will only dole out $6 billion in credits, and 450 projects across 46 states and the District of Columbia were encouraged to apply for the next step. These projects span large, medium and small businesses and non-profits, all of which must meet prevailing wage and apprenticeship requirements to receive a 30% investment tax credit.<\/p>\n<p>Applicants who submitted a concept paper, whether they received an encourage or discourage letter, may now submit a full application on the <a href=\"https:\/\/www.energy.gov\/infrastructure\/qualifying-advanced-energy-project-credit-48c-program\">48C Portal<\/a>. Applications are due by Friday, Oct. 18.<\/p>\n<p>The 48C Program, funded by the Inflation Reduction Act, is designed to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities. DOE is partnering with the Treasury Dept. and the IRS to implement the Qualifying Advanced Energy Project Tax Credit (48C).<\/p>\n<p><a href=\"https:\/\/\/2024\/04\/first-round-of-48c-advanced-energy-ptc-dollars-distributed-by-doe\/\">Round 1<\/a> of the program distributed $4 billion in credits to 100 projects earlier this year. Noteworthy <a href=\"https:\/\/\/2024\/04\/biden-administration-announces-first-manufacturers-to-qualify-48c-tax-credits\/\">solar winners<\/a> included Highland Materials for its polysilicon factory and SolarCycle for its recycled glass plant.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/\/tag\/ira\/\" class=\"su-button su-button-style-stroked\" style=\"color:#FFFFFF;background-color:#4566FB;border-color:#3852c9;border-radius:56px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:0px 26px;font-size:20px;line-height:40px;border-color:#7d94fd;border-radius:56px;text-shadow:0px 0px 0px #000000\"> See our extended IRA coverage.<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program. The concept papers (project proposals) equate to nearly $40 billion in tax credits while representing $200 billion in total project investments. Round 2 of the 48C Program will&hellip;<\/p>\n","protected":false},"author":1401,"featured_media":102231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[16,7],"tags":[5544],"class_list":{"2":"type-post","10":"entry","11":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>450 projects invited to apply for Round 2 of 48C advanced energy tax credit<\/title>\n<meta name=\"description\" content=\"More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"450 projects invited to apply for Round 2 of 48C advanced energy tax credit\" \/>\n<meta property=\"og:description\" content=\"More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/\" \/>\n<meta property=\"og:site_name\" content=\"Solar Power World\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SolarPowerWorld\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-30T12:29:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kelly Pickerel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solarkellyp\" \/>\n<meta name=\"twitter:site\" content=\"@SolarPowerWorld\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kelly Pickerel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/\",\"url\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/\",\"name\":\"450 projects invited to apply for Round 2 of 48C advanced energy tax credit\",\"isPartOf\":{\"@id\":\"https:\/\/\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg\",\"datePublished\":\"2024-08-30T12:29:14+00:00\",\"author\":{\"@id\":\"https:\/\/\/#\/schema\/person\/6f941a69e40d7cb71df74979910822c6\"},\"description\":\"More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C)\",\"breadcrumb\":{\"@id\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#primaryimage\",\"url\":\"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg\",\"contentUrl\":\"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg\",\"width\":770,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"450 projects invited to apply for Round 2 of 48C advanced energy tax credit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/\/#website\",\"url\":\"https:\/\/\/\",\"name\":\"Solar Power World\",\"description\":\"Covering the world of solar power technology, development and installation.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/\/#\/schema\/person\/6f941a69e40d7cb71df74979910822c6\",\"name\":\"Kelly Pickerel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b49df95db1aa5f32aa6263152ba8ceda?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b49df95db1aa5f32aa6263152ba8ceda?s=96&d=mm&r=g\",\"caption\":\"Kelly Pickerel\"},\"description\":\"Kelly Pickerel has over a decade of experience reporting on the U.S. solar industry and is currently editor in chief of Solar Power World.\",\"sameAs\":[\"https:\/\/\",\"https:\/\/www.facebook.com\/SolarPowerWorld\/\",\"https:\/\/www.instagram.com\/solarpowerworld\/\",\"https:\/\/www.linkedin.com\/in\/kellypickerel\/\",\"https:\/\/x.com\/solarkellyp\"],\"url\":\"https:\/\/\/author\/kpickerel\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"450 projects invited to apply for Round 2 of 48C advanced energy tax credit","description":"More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/","og_locale":"en_US","og_type":"article","og_title":"450 projects invited to apply for Round 2 of 48C advanced energy tax credit","og_description":"More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C)","og_url":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/","og_site_name":"Solar Power World","article_author":"https:\/\/www.facebook.com\/SolarPowerWorld\/","article_published_time":"2024-08-30T12:29:14+00:00","og_image":[{"width":770,"height":500,"url":"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg","type":"image\/jpeg"}],"author":"Kelly Pickerel","twitter_card":"summary_large_image","twitter_creator":"@solarkellyp","twitter_site":"@SolarPowerWorld","twitter_misc":{"Written by":"Kelly Pickerel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/","url":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/","name":"450 projects invited to apply for Round 2 of 48C advanced energy tax credit","isPartOf":{"@id":"https:\/\/\/#website"},"primaryImageOfPage":{"@id":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#primaryimage"},"image":{"@id":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#primaryimage"},"thumbnailUrl":"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg","datePublished":"2024-08-30T12:29:14+00:00","author":{"@id":"https:\/\/\/#\/schema\/person\/6f941a69e40d7cb71df74979910822c6"},"description":"More than 800 concept papers were submitted to the IRS, Treasury and Energy Depts. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C)","breadcrumb":{"@id":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#primaryimage","url":"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg","contentUrl":"https:\/\/\/wp-content\/uploads\/2023\/05\/factory-warehouse.jpg","width":770,"height":500},{"@type":"BreadcrumbList","@id":"https:\/\/\/2024\/08\/450-projects-invited-to-apply-for-round-2-of-48c-advanced-energy-tax-credit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/\/"},{"@type":"ListItem","position":2,"name":"450 projects invited to apply for Round 2 of 48C advanced energy tax credit"}]},{"@type":"WebSite","@id":"https:\/\/\/#website","url":"https:\/\/\/","name":"Solar Power World","description":"Covering the world of solar power technology, development and installation.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/\/#\/schema\/person\/6f941a69e40d7cb71df74979910822c6","name":"Kelly Pickerel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b49df95db1aa5f32aa6263152ba8ceda?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b49df95db1aa5f32aa6263152ba8ceda?s=96&d=mm&r=g","caption":"Kelly Pickerel"},"description":"Kelly Pickerel has over a decade of experience reporting on the U.S. solar industry and is currently editor in chief of Solar Power World.","sameAs":["https:\/\/","https:\/\/www.facebook.com\/SolarPowerWorld\/","https:\/\/www.instagram.com\/solarpowerworld\/","https:\/\/www.linkedin.com\/in\/kellypickerel\/","https:\/\/x.com\/solarkellyp"],"url":"https:\/\/\/author\/kpickerel\/"}]}},"_links":{"self":[{"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/107197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/users\/1401"}],"replies":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/comments?post=107197"}],"version-history":[{"count":0,"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/107197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/media\/102231"}],"wp:attachment":[{"href":"https:\/\/\/wp-json\/wp\/v2\/media?parent=107197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/categories?post=107197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/tags?post=107197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}