48C Tax Credit Services
BSP expects that companies who submitted Round 2 Concept Papers will be notified soon if they are encouraged/discouraged to submit Full Applications. After notifications, companies will have roughly 50 days to sprint to finish their full application. Contact Boundary Stone to learn how we can help support your Full Application.
Is your company waiting for encourage/discouragement from DOE, or have you already started working on the full application? BSP is here to help you draft and submit the full 48C application.
Services
BSP will provide a dedicated team of DOE/Treasury tax and grant specialists to support you throughout the process.
BSP will perform a technical deep dive, provide strategic recommendations, track all requirements for 48C submission.
BSP will help you develop the most attractive project narrative, provide strategic recommendations, application templates, and a Workforce and Community Engagement Plan Questionnaire
BSP will conduct an in-depth interview with the Project Team and identified stakeholders to develop the Workforce and Community Engagement Plan.
Contact us
Round 1 Highlights
$4 billion of clean energy tax credits
Clean energy manufacturing and recycling
$2.7 billion
in tax credits
(67% of round 1 total)
Critical materials recycling, processing,
and refining
$800 million
in tax credits
(20% of round 1 total)
Emissions reduction projects
$500 million
in tax credits
(13% of round 1 total)
BSP clients were 6x more likely to be selected for awards based on overall application statistics
Our clients secured over $370 million in credits - or nearly 10% - of total available allocations
BSP supported successful applications across all three topic areas, spanning from first-of-a-kind manufacturing facilities to retrofit projects at existing industrial facilities
What is the 48C Program?
Up to a 30% investment tax credit for clean energy manufacturing facilities or other emissions reduction projects.
While most of the IRA’s tax credits are uncapped, 48C tax credit allocations are awarded on a competitive basis, so understanding the application requirements and the Department of Energy’s (DOE) program priorities is critical to enhancing the competitiveness of your project.
Eligible projects fall under one of three categories:
Clean Energy Manufacturing and Recycling Projects
Industrial Decarbonization Projects (formerly “Greenhouse Gas Emission Reduction Projects” category in Round 1)
Critical Material Manufacturing and Recycling Projects
BSP webinar: “48C: Not Your Average Tax Credit”
Learn more about the state of play of the tax credit, and how businesses should be thinking strategically about future investments - from site selection and community engagement through the application and credit monetization options.
Slide Deck
For more details on the 48C program and our support for applications, please refer to the slide deck.