Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
30% investment tax credit for qualifying advanced energy manufacturing projects, including EV components, solar and wind equipment, energy storage, and grid infrastructure. Part of the Inflation Reduction Act's $10 billion allocation to reindustrialize domestic clean energy supply chains.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Project must manufacture qualifying advanced energy property in the US
2.Eligible: EV batteries/components, solar PV, wind turbines, energy storage, grid tech
3.Credit: 30% of qualified investment (10% in non-energy communities)
4.Must apply to DOE for allocation; competitive selection
5.Allocated credits used on IRS Form 3468
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.