Press Releases & Statements / Industrial Transformation
The 48C Tax Credit is Deployed, Workers and Climate Stand to Benefit
The U.S. Departments of Treasury and Energy announced the first round of project recipients for the Advanced Energy Project Tax Credit (48C). The Inflation Reduction Act provided 48C with $10 billion—including $4 billion for communities that have recently lost jobs in the coal sector. Following the announcement, the BlueGreen Alliance released a statement.