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Definition of “energy project”: ... year energy properties are placed in service.Co-located energy storage: The final rules clarify that a section 48 credit may be claimed for energy storage technology that is co-located with and shares power conditioning equipment with a ...
Final rules will provide additional clarity and certainty for project developers, helping to produce more clean power, build a strong clean energy economy, and create good-paying jobs.WASHINGTON – Today, the U.S. Department of the Treasury and the IRS released final rules for the Section 48 Energy Credit – also known as the Investment Tax Credit (ITC) – that will give clean energy project developers clarity and certainty to undertake major investments to produce more clean power and further strengthen America’s clean energy economy.Co-located energy storage: The final rules clarify that a section 48 credit may be claimed for energy storage technology that is co-located with and shares power conditioning equipment with a qualified facility for which a section 45 credit is claimed.For decades, the ITC has fueled U.S. clean energy development by providing a tax credit for investments in qualifying clean energy property – generally 30% of the cost of the project, although the level of the credit has varied over time and by technology.The Inflation Reduction Act extended the ITC – as well as the closely related Production Tax Credit (PTC) – until 2025, at which point the ITC and PTC will switch to a tech-neutral approach with credits that will be available in full for projects beginning construction at least through 2033.
A 480 credit score is considered very poor. Find out more about your credit score and learn steps you can take to improve your credit.
Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit. Credit card applicants with scores in this range may be required to pay extra fees or to put down deposits on their cards.A smart way to begin building up a credit score is to obtain your FICO® Score. Along with the score itself, you'll get a report that spells out the main events in your credit history that are lowering your score.Public Information: If bankruptcies or other public records appear on your credit report, they typically hurt your credit score severely. Settling the liens or judgments at the first opportunity can reduce their impact, but in the case of bankruptcy, only time can lessen their harmful effects on your credit scores.Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 480 FICO® ScoreΘ is significantly below the average credit score.
C. Credit Phase-Out · D. Special Rules · II. Overview of Section 48E
A. Amount of Credit · B. Qualified Facility ... C. Energy Storage Technology ... D. Rules of General Application to Section 48EThis notice of proposed rulemaking contains proposed amendments to the Income Tax Regulations (26 CFR part 1) to implement sections 45Y and 48E of the Internal Revenue Code (Code), which generally replace sections 45 and 48 of the Code with respect to qualified facilities, and for section 48E, with respect to energy storage technology, that is placed in service after December 31, 2024. The renewable electricity production credit determined under section 45 of the Code (section 45 credit) is generally available for qualified facilities described in section 45(d), which provides that the construction of the qualified facilities must begin before January 1, 2025.Similarly, other than for geothermal heat pump equipment (described in section 48(a)(3)(vii) [1] ), the energy credit determined under section 48 of the Code (section 48 credit), which is an investment credit under section 46 of the Code, is generally available for energy property the construction of which begins before January 1, 2025.Therefore, as long as construction begins on the relevant qualified facility or energy property before January 1, 2025, a taxpayer may be able to claim a section 45 credit or section 48 credit, respectively, even if the taxpayer places the qualified facility or energy property in service after December 31, 2024.
Discover how Leyton can help you claim the section 48 tax credit for your renewable energy insolation today!
Leyton is NASBA CertifiedLeyton is Now NASBA-Certified to Offer CPE Credits ... We’re so happy to be working with you. Explore the resources that come with a Leyton partnership. Log in to the Partner Portal arrow_outward arrow_outward ... Leyton is an international consulting firm that helps businesses leverage financial incentives to accelerate their growth and achieve long-lasting performance. ... The Section 48 Tax Credit, also known as the Energy Investment Tax Credit (ITC), grants a tax credit to taxpayers for a portion of the cost of installing qualified energy-generating systems such as solar, wind, geothermal, and fuel cells.This credit can range from 6% to 70% of the cost basis of the property, depending on the specifics of the project and applicable legislation. ... The Section 48 Tax Credit directly reduces tax liability on a dollar-for-dollar basis, offering significant federal tax savings to entities that install eligible energy properties.State, local, tribal governments, and other tax-exempt entities under 501 can receive a direct cash payment from the IRS instead of a tax credit, making the incentive accessible even to entities that do not typically pay federal taxes. Any taxpayer or entity that invests in renewable technology qualifies for the Section 48 Energy Credit.Some Clean Energy Properties have already been pre-determined to meet the zero GHG requirements, including solar, geothermal, hydroelectric, and more! Section 48E introduces a technology-neutral credit for facilities that generate electricity with zero greenhouse gas emissions and include electricity generating technologies such as:
Learn how the Citi Credit Card 48-Month rule works, which cards are included, and strategies to maximize your bonuses and rewards.
If you want to make the most of Citi’s valuable welcome offers, it’s essential to understand the rules that determine when you can earn them again. Every major bank sets its own guidelines for credit card applications and bonuses. While American Express enforces a “once in a lifetime” policy, Citi’s approach is different, with its 48-month rule.Before diving into the 48-month bonus restriction, here are Citi’s general application guidelines: you can be approved for one Citi card every eight days and no more than two Citi cards every 65 days. While there’s no official limit on how many Citi cards you can hold, you may eventually reach the maximum credit Citi will extend based on your income, credit profile, and other factors.You are not eligible for a welcome bonus if you have earned that same card’s bonus within the past 48 months.Citi’s 48-month bonus rule is simple once you understand it. Since each card is evaluated separately, you have multiple opportunities to earn rewards with thoughtful planning.
While certain developments and projects might also consider production tax credits spelled out in section 45Y, any solar or solar+ energy storage facility cannot “double-dip” and claim the 48E credit for the same year or any earlier year, and another tax credit incentive under 45Y (or 45, ...
While certain developments and projects might also consider production tax credits spelled out in section 45Y, any solar or solar+ energy storage facility cannot “double-dip” and claim the 48E credit for the same year or any earlier year, and another tax credit incentive under 45Y (or 45, 45J, 45Q, 45U, 48, 48A) of the Internal Revenue Code[1]. Also, the “Domestic Content Adders” that some projects might consider are still in play after H.B.1 and can be applied for in conjunction with 48E, but are not discussed below.Following a July 7th executive order that looks to ensure that the "beginning of construction" requirements for tax credit eligibility are not circumvented, another executive order from the current administration to the US Treasury Department is expected around August 18th, roughly 45 days from the budget reconciliation’s signing. · Industry partners believe the executive order may change little regarding the timelines of safe harboring, as laid out above. Still, it may strengthen guidance to tighten enforcement on tax-filers establishing 48E eligibility via the “construction commencement” path.The 48E ITC for commercial storage received fewer revisions from H.B.1, and still matches the original IRA rules for projects that are safe harbored before July 6, 2026, can access a 30% 48E tax credit through tax year 2033, before the percentage of the credit begins to taper.This 30% can be prolonged longer should our national annual greenhouse gas emissions rate fall and stay below a threshold. Without that greenhouse gas emissions detail, conservatively speaking, the 48E credit percentages for storage will taper as follows: 30% credit through tax year 2033, 22.5% in 2034, 15% in 2035.
For 2025 investors, private credit’s $48B inflows represent a paradox: a testament to the asset class’s transformative potential and a warning about the perils of unchecked growth. Retail-driven democratization is expanding access but also introducing liquidity risks that could reverberate ...
For 2025 investors, private credit’s $48B inflows represent a paradox: a testament to the asset class’s transformative potential and a warning about the perils of unchecked growth. Retail-driven democratization is expanding access but also introducing liquidity risks that could reverberate through the system.- Global private credit assets hit $3 trillion in 2025, driven by $48B retail and institutional inflows, with specialty finance dominating new fund launches.Private Credit's $48B Inflows: A Double-Edged Sword for 2025 Investors?The private credit market is experiencing a seismic shift in 2025, driven by a confluence of retail investor enthusiasm, institutional capital persistence, and a redefinition of what constitutes “quality” in alternative assets.
The amendment made by subsection (d) [amending section 48E of this title] shall apply on or after June 16, 2025. “(3) Elimination of energy credit for certain energy property.—
“(4) Application of clean electricity investment credit to qualified fuel cell property.— · The amendments made by subsection (f) [amending section 48E of this title] shall apply to property the construction of which begins after December 31, 2025.Except as provided in paragraphs (2), (3), (4), and (5), the amendments made by this section [amending this section and sections 48E, 50, 1371, and 6418 of this title] shall apply to taxable years beginning after the date of enactment of this Act [July 4, 2025].If the annual capacity limitation for any calendar year exceeds the aggregate amount allocated for such year under this paragraph, such limitation for the succeeding calendar year shall be increased by the amount of such excess. No amount may be carried under the preceding sentence to any calendar year after 2024 except as provided in section 48E(h)(4)(D)(ii).For purposes of section 46, except as provided in paragraphs (1)(B), (2)(B), and (3)(B) of subsection (c), the energy credit for any taxable year is the energy percentage of the basis of each energy property placed in service during such taxable year.
Private credit is seeing record inflows, driven by regulatory changes, yield advantages, and democratization of access for retail investors. See more here.
Relatively recently, some important and noteworthy data points emerged on the private credit front. In the first six months of 2025, there was about $48 billion of fresh capital that flowed from affluent retail investors’ pockets into privateMassive inflows are compressing credit spreads and putting pressure on net investment income and dividend coverage, raising the risk of dividend cuts.In the article I also share a game plan for investors on how to better capture the private credit factor.
The Qualifying Advanced Energy Project Credit (48C) was originally established by the American Recovery and Reinvestment Act of 2009 and subsequently renewed and expanded under the Inflation Reduction Act of 2022 (IRA).
The 48C credit is a tax credit for investments in advanced energy projects, as defined in 26 USC § 48C(c)(1) and is intended to build clean energy supply chains, drive investments, and lower costs in energy communities. The IRA provided $10 billion in funding for the expanded 48C(e) Qualifying Advanced Energy Project Credit Allocation Program (48C(e) program).The Department of the Treasury and the Internal Revenue Service, in partnership with DOE, conducted two rounds of tax credit allocations for projects that expand clean energy manufacturing and recycling and critical materials refining, processing and recycling, and for projects that reduce greenhouse gas emissions at industrial facilities. The 48C Program is managed by the IRS with assistance from Department of Energy’s (DOE) Office of Manufacturing & Energy Supply Chains (MESC).On March 29, 2024, the IRS allocated approximately $4 billion of 48C credits for over 100 projects in approximately 30 states, with approximately $1.5 billion allocated to projects in designated energy communities.On January 10, 2025, the IRS allocated approximately $6 billion of the 48C credits for over 140 projects in approximately 30 states, with approximately $2.5 billion allocated to projects in designated energy communities.
The Treasury Department and IRS released long-awaited proposed regulations regarding the investment tax credit under Section 48 of the Internal Revenue Code.
The Proposed Regulations offer key guidance on solar, wind and other long-standing incentivized technologies, as well as for newer qualifying technologies added to Section 48, including energy storage and qualified biogas property. This Holland & Knight alert provides an overview of the Proposed Regulations and how they affect those seeking the ITC. The U.S. Department of the Treasury and IRS on Nov. 17, 2023, released long-awaited proposed regulations (Proposed Regulations) regarding the investment tax credit (ITC) under Section 48 of the Internal Revenue Code.Finally, the Proposed Regulations update certain portions of the prevailing wage and apprenticeship proposed regulations that were issued in August 2023. Though the Proposed Regulations were issued under Section 48 specifically, some of the concepts and rules are instructive when considering other renewable energy tax credits.Section 48(a)(5) allows for taxpayers to make an election for the ITC in lieu of the Section 45 production tax credit (PTC) to apply with respect to certain energy facilities, including wind generation facilities.In particular, the Proposed Regulations repropose regulations to clarify the statutory exception for smaller energy projects with a maximum output of less than 1 MW (under which such projects are deemed to have met PWA requirements (1 MW Exception)) and the recapture rules under Section 48(a)(10)(C) relating to the PWA requirements. Finally, the Proposed Regulations provide a definition of energy projects for purposes of application of the PWA requirements. The Proposed Regulations make clear that during the five-year recapture period, the failure to meet prevailing wage requirements may subject taxpayers to recapture of the increased credit amount, with an annual recapture ramp-down of 20 percent of the recapture amount.
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Reach out to our community for everything 48. It's full of customers like you, sharing some of their top tips.Once your 48 SIM card has arrived, you can activate it easily. Just log in to My48 and enter the 6-digit activation code found on your new 48 SIM card.Absolutely! When you're activating your 48 SIM card, you'll have the choice to move your number to 48 straight away.To start using a 48 SIM card on your current device, you'll need to make sure your phone is unlocked or SIM free.
WASHINGTON – Today, the Internal Revenue Service (IRS) announced $6 billion in tax credits for the second round of the Inflation Reduction Act’s (IRA) § 48C Qualifying Advanced Energy Project Tax Credit (§ 48C Program).
Over 140 projects selected in Round 2; approximately 250 selected in total across both roundsWASHINGTON – Today, the Internal Revenue Service (IRS) announced $6 billion in tax credits for the second round of the Inflation Reduction Act’s (IRA) § 48C Qualifying Advanced Energy Project Tax Credit (§ 48C Program).The § 48C Program, managed by the IRS with assistance from Department of Energy’s (DOE) Office of Manufacturing & Energy Supply Chains (MESC), was originally established by the American Recovery and Reinvestment Act of 2009, and subsequently expanded with a $10 billion investment under the IRA.Of this $10 billion, 40% is reserved for projects in designated § 48C energy communities—communities with closed coal mines or coal plants. The § 48C Program is a competitive funding program, meaning that companies have the opportunity to apply for infrastructure project funding which is awarded to the most meritorious projects in the form of an investment tax credit.In the second round of the § 48C Program, IRS allocated the remaining $6 billion in tax credits to projects in more than 30 states. This is in addition to the $4 billion in tax credits allocated to Round 1 projects across more than 30 states in March 2024. All projects selected in Round 1 and Round 2 must meet the prevailing wage and apprenticeship requirements to receive a 30% investment tax credit.In Round 2, the IRS allocated roughly $2.5 billion to approximately 50 projects located in § 48C energy communities, totaling $4 billion allocated to projects in these communities across both rounds. Round 2 supported a wide scope and scale of projects, with tax credit allocations ranging from under $10 million to over $100 million.
Definition of “energy project”: ... year energy properties are placed in service.Co-located energy storage: The final rules clarify that a section 48 credit may be claimed for energy storage technology that is co-located with and shares power conditioning equipment with a ...
Final rules will provide additional clarity and certainty for project developers, helping to produce more clean power, build a strong clean energy economy, and create good-paying jobs.WASHINGTON – Today, the U.S. Department of the Treasury and the IRS released final rules for the Section 48 Energy Credit – also known as the Investment Tax Credit (ITC) – that will give clean energy project developers clarity and certainty to undertake major investments to produce more clean power and further strengthen America’s clean energy economy.Co-located energy storage: The final rules clarify that a section 48 credit may be claimed for energy storage technology that is co-located with and shares power conditioning equipment with a qualified facility for which a section 45 credit is claimed.For decades, the ITC has fueled U.S. clean energy development by providing a tax credit for investments in qualifying clean energy property – generally 30% of the cost of the project, although the level of the credit has varied over time and by technology.The Inflation Reduction Act extended the ITC – as well as the closely related Production Tax Credit (PTC) – until 2025, at which point the ITC and PTC will switch to a tech-neutral approach with credits that will be available in full for projects beginning construction at least through 2033.
The Qualifying Advanced Energy Project Credit (48C) was originally established by the American Recovery and Reinvestment Act of 2009 and subsequently renewed and expanded under the Inflation Reduction Act of 2022 (IRA).
The 48C credit is a tax credit for investments in advanced energy projects, as defined in 26 USC § 48C(c)(1) and is intended to build clean energy supply chains, drive investments, and lower costs in energy communities. The IRA provided $10 billion in funding for the expanded 48C(e) Qualifying Advanced Energy Project Credit Allocation Program (48C(e) program).The Department of the Treasury and the Internal Revenue Service, in partnership with DOE, conducted two rounds of tax credit allocations for projects that expand clean energy manufacturing and recycling and critical materials refining, processing and recycling, and for projects that reduce greenhouse gas emissions at industrial facilities. The 48C Program is managed by the IRS with assistance from Department of Energy’s (DOE) Office of Manufacturing & Energy Supply Chains (MESC).On March 29, 2024, the IRS allocated approximately $4 billion of 48C credits for over 100 projects in approximately 30 states, with approximately $1.5 billion allocated to projects in designated energy communities.On January 10, 2025, the IRS allocated approximately $6 billion of the 48C credits for over 140 projects in approximately 30 states, with approximately $2.5 billion allocated to projects in designated energy communities.
C. Credit Phase-Out · D. Special Rules · II. Overview of Section 48E
A. Amount of Credit · B. Qualified Facility ... C. Energy Storage Technology ... D. Rules of General Application to Section 48EThis notice of proposed rulemaking contains proposed amendments to the Income Tax Regulations (26 CFR part 1) to implement sections 45Y and 48E of the Internal Revenue Code (Code), which generally replace sections 45 and 48 of the Code with respect to qualified facilities, and for section 48E, with respect to energy storage technology, that is placed in service after December 31, 2024. The renewable electricity production credit determined under section 45 of the Code (section 45 credit) is generally available for qualified facilities described in section 45(d), which provides that the construction of the qualified facilities must begin before January 1, 2025.Similarly, other than for geothermal heat pump equipment (described in section 48(a)(3)(vii) [1] ), the energy credit determined under section 48 of the Code (section 48 credit), which is an investment credit under section 46 of the Code, is generally available for energy property the construction of which begins before January 1, 2025.Therefore, as long as construction begins on the relevant qualified facility or energy property before January 1, 2025, a taxpayer may be able to claim a section 45 credit or section 48 credit, respectively, even if the taxpayer places the qualified facility or energy property in service after December 31, 2024.
Final regulations under the Section 48 investment tax credit modify and clarify proposed regulations.
The IRS and Treasury on December 12 published final regulations on the Section 48 energy investment tax credit. The regulations generally apply to property placed in service after December 21, 2022, in a tax year beginning after December 12, 2024. Rules on the prevailing wage and apprenticeship bonus apply to energy projects placed in service on or after December 12, 2024, that begin construction after that date.For property placed in service after 2022, Section 48 provides an investment tax credit for a percentage (generally 6%, increased to 30% if prevailing wage and apprenticeship requirements are met) of the basis of energy property a taxpayer places in service during a tax year.For property that begins construction before 2025, a taxpayer may elect to treat qualified property that is part of a qualified investment credit facility as energy property. A taxpayer may elect to treat qualified property that is part of a specified clean hydrogen facility placed in service after 2022 as energy property. A taxpayer generally may not claim both the Section 48 credit and a production credit relating to the same facility.Under Section 48, the prevailing wage and apprenticeship, domestic content, and energy community credit bonuses apply to “energy projects.” An energy project is a project consisting of one or more energy properties that are part of a single project.
Learn about the Section 48 Energy Investment Tax Credit (ITC), a crucial incentive for investors in renewable energy projects. Explore eligibility criteria, including geothermal, solar, wind, and other energy systems. Discover how the credit is calculated, the tax year it is claimed, and ...
Learn about the Section 48 Energy Investment Tax Credit (ITC), a crucial incentive for investors in renewable energy projects. Explore eligibility criteria, including geothermal, solar, wind, and other energy systems. Discover how the credit is calculated, the tax year it is claimed, and transferability options, all as part of the 2022 Inflation Reduction Act.The Section 48 Energy Credit is a tax credit available to taxpayers who invest in eligible renewable energy projects. This credit aims to stimulate the adoption of clean energy technologies by reducing the overall financial burden on investors and developers.If a taxpayer purchases qualified energy property that had already been in use prior to the purchase, they would not be entitled to claim the Energy Credit as the original use of the energy property did not begin with them.Projects that may qualify for the Energy Credit must involve the construction or installation of at least one category of the energy properties listed below.
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) is partnering with the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to implement $10 billion through the Qualifying Advanced Energy Project Credit(48C).
The Qualifying Advanced Energy Project Credit (48C)—established by the 2009 Recovery Act and expanded with a $10 billion investment under the Inflation Reduction Act—aims to strengthen U.S. industrial competitiveness and clean energy supply chains.As the nation builds a net-zero economy, the 48C tax credit aims to play a critical role to create high-quality jobs, reduce industrial emissions, and increase domestic production of critical clean energy products and materials.In 2009, the first ever round of 48C credits allocated $2.3 billion to nearly 200 clean energy manufacturing projects across 43 states. Funding ranged from renewable energy technology projects, such as solar components and materials, to lithium-ion batteries for clean transportation and turbines for nuclear and hydropower facilities.Given the other demand- and supply-side investments under the Inflation Reduction Act and Bipartisan Infrastructure Law, DOE expects a very wide and diverse set of 48C applicants in the new round announced today. What are the next steps for interested applicants? New guidance released today describes the submission requirements to request a credit allocation from the approximately $4 billion in the initial first round of the expanded program, $1.6 billion of which will be set aside for projects in designated energy communities with closed coal plants or mines.
Qualifying Advanced Energy Project 48C Credit Program · The Qualifying Advanced Energy Project Credit (48C) program aims to strengthen U.S. industrial competitiveness and clean energy supply chains. As the nation builds a net-zero economy, the 48C tax credit program aims to play a critical ...