2010 Advanced Energy Manufacturing Tax Credit

President Obama and congressional leaders from both parties are calling for expansion of Advanced Energy Manufacturing Tax Credits (AEMTCs) in 2010.  They are asking for another $5 billion in AEMTCs.  Allocation of these credits is expected to parallel that seen 2009.

The AEMTC provides a 30% credit to U.S. taxpayers for viable investments in new, expanded, or re-equipped advanced energy manufacturing projects.  In 2009, $2.3 billion in AEMTCs were awarded to advanced energy manufacturing projects.  The goal was to support total capital investments of almost $7.7 billion in new renewable and advanced energy manufacturing projects.

Read more about proposed changes to the IRC Section 48C program in 2010.