The IRS opened the 48C advanced energy project credit portal on May 22, meaning concept papers for projects to be considered for eligibility for the second round of funding must be submitted through the portal no later than 5 p.m. on Friday, June 21.
Competition for funding is expected to be fierce. A total of $6 billion in credit allocations will be granted this round, which will likely be the final full allocation opportunity. A third round will only be conducted to the extent there are leftover funds because an allocation is rescinded or withdrawn.
For more information on the 48C credit, please see our previous story on this round from last month.
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