The U.S. Department of the Treasury and the IRS released final rules for the Investment Tax Credit (Section 48 of the Internal Revenue Code).
Wind Energy Technologies Office
December 13, 2024
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The U.S. Department of the Treasury and the IRS released final rules for the Investment Tax Credit (Section 48 of the Internal Revenue Code), to produce U.S. clean power and strengthen the clean energy economy. Section 48 provides a percentage-based tax credit for qualifying clean energy property like offshore wind and provides final rules clarifying what type of property is eligible for the credit.