Inflation Reduction Act Provisions-Qualifying Advanced Energy Project Credit-The §48C Program

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. The Advanced Energy Project Credit provides a tax credit for investments in advanced energy projects, as defined in 26 USC § 48C(c)(1). 

The Department of the Treasury and the Internal Revenue Service, in partnership with DOE, have announced up to $4 billion in a first round of tax credits for projects that expand clean energy manufacturing and recycling and critical materials refining, processing and recycling, and for projects that reduce greenhouse gas emissions at industrial facilities. 

Approximately $1.6 billion of this allocation will be set aside for projects in designated energy communities. The program will provide an investment tax credit of up to 30% of qualified investments for certified projects that meet prevailing wage and apprenticeship requirements.  

Applicant Portal - Concept Papers Were Due Thursday, August 3, 2023 at 12 p.m. ET (noon)



Frequently Asked Questions (FAQs) 

Program Resources

Informational Webinar

The 48C eXCHANGE portal is open for registration and concept paper submission. Taxpayers must submit their concept papers through DOE’s 48C eXCHANGE portal prior to 12 p.m. ET on July 31, 2023. 

DOE and Treasury hosted a virtual informational webinar for potential applicants on June 27, 2023, at 2 p.m. ET. Watch the webinar below, or view the webinar slides here.

Video Url
This Office of Manufacturing & Energy Supply Chains (MESC) webinar presents a joint informational session with the U.S. Department of Treasury on the Qualifying Advanced Energy Project Credit (§48C).
Office of Manufacturing & Energy Supply Chains

Help with Online Applicant Portal  

Applicants may email for questions regarding the registration process or submitting your application on the eXCHANGE applicant portal.  

Any questions or comments regarding the non-tax aspects of this notice can be submitted to the Department of Energy at