Act Now To Harness IRS Energy Tax Credits

Law360, New York (March 1, 2013, 12:39 PM EST) -- Back in 2009, the American Recovery and Reinvestment Act (ARRA), created a competitive program for allocating $2.3 billion of advanced energy manufacturing tax credits pursuant to Section 48C of the Internal Revenue Code (IRC 48C). These credits provided a subsidy equal to 30 percent of the cost of a facility (other than a building or structural components) that manufactures equipment related to certain clean energy and energy efficiency projects, as described below.

Earlier this month, the IRS announced that $150 million in tax credits remain available....
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