Section 48C Tax Credit Solutions
Baker Tilly’s Section 48C consultants pair industrial knowledge with a track record of helping clients apply for and win competitive tax credit programs. Our efforts have resulted in more than $15 billion in awarded tax credits for our clients.
Section 48C Advanced Energy Credit is not an entitlement. It will be competitive in each application window. That’s where we can help. Baker Tilly mapped out the Section 48C application steps in our 48C portal so you can involve your team in the process, all in one place. Our portal is where your team and our specialist collaborate from the pre-application phase through the completion of construction.
Unsure of where to start?
If this is your first time learning about Section 48C, you may be wondering if it is worth the effort to apply. The credit value is up to 30% of your capital investment in a qualified advanced energy project. Projects which could qualify are:
Section 48C has $10 billion of total tax credit allocation. The first stage of the application process for the first $4 billion of energy credits under Section 48C opened on May 31, 2023, and closed on July 31, 2023. This first stage of the application process will help you quickly get feedback on if your facility investments would be a candidate to obtain a 48C tax credit.
As such, manufacturing leaders sense a fiduciary responsibility to understand the value this tax credit could have on making their processing capabilities more competitive.
Whether you decide to navigate the application process on your own or work with Baker Tilly’s Section 48C specialists, we are encouraging manufacturers with eligible projects to apply.