“The president’s Investing in America agenda is making the nation an irresistible place to invest in clean energy manufacturing,” said Jennifer M Granholm. Image: US Department of Energy
The US government has announced US$4 billion in tax credits for over 100 projects under the Qualifying Advanced Energy Project Tax Credit (48C) scheme, of which US$2.7 billion has been allocated for clean energy manufacturing projects, including solar PV.
The scheme was established under the 2009 American Recovery and Reinvestment Act, and given an additional US$10 billion under the 2022 Inflation Reduction Act (IRA), as the US looks to expand its domestic manufacturing of a number of clean energy technologies. The initiative grants an investment tax credit as high as 30% for projects that meet what the Department of Energy (DOE) called “prevailing wage and apprenticeship requirements.”
(The above content is reproduced from pv-tech，By JP Casey）
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