Advanced Energy Project Credit

Manufacturers and other entities that invest in qualifying advanced energy projects may apply for a tax credit through the U.S. Department of Energy (DOE). A total of $10 billion has been allocated for the credits under the Inflation Reduction Act, with $4 billion set aside for projects in certain energy communities over the duration of the program.

The tax credit equals:

  • 30% of qualified investment costs for projects that meet prevailing wage and apprenticeship requirements
  • 6% for projects that don't meet prevailing wage and apprenticeship requirements

A qualifying project:

  • Re-equips, expands or establishes an industrial or a manufacturing facility to produce or recycle specified advanced energy property (defined in Notice 2023-18)
  • Installs technology in an industrial or manufacturing facility to reduce greenhouse gas emissions by at least 20%
  • Re-equips, expands or establishes an industrial facility to process, refine or recycle critical materials

Projects that produce property for refining or blending non-renewable transportation fuels are excluded.

Application portal update

Effective February 29, 2024, the Qualifying Advanced Energy Tax Credit Portal will migrate from eXCHANGE to a new system, the 48C Portal. You'll sign into the new 48C Portal with instead of

This new DOE portal will use, a technology provider, for identity verification and sign-in services for 48C program users. You will need to either sign in to your existing account or create a new account and verify your identity with to access the new 48C Portal. If you have an account, make sure you add the email address you used for your initial 48C application with to your existing account.

You can view allocation decisions on the new portal on the release date. You will be able to access your application information in eXCHANGE, but all future actions will be performed on the new portal.

Find out how to apply through the Department of Energy.