DOE Hands Out $150M In Clean Energy Tax Credits

Law360, New York (December 12, 2013, 2:18 PM ET) -- The U.S. Department of Energy said on Thursday that it’s handing out $150 million in tax credits to a dozen companies to encourage investment in clean energy manufacturing equipment, part of a $2.3 billion program to boost clean energy manufacturing in the U.S.

The credits handed out represent the second phase of the Advanced Energy Manufacturing Tax Credit, or 48C program, which is jointly administered by the DOE and the U.S. Treasury Department. The program authorizes the Treasury Department to provide developers with an investment tax...
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