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Documents, Tools and Resources
Incentive Detail
| Business Energy Investment Tax Credit |
| Eligible States |
US/Federal |
| Type |
Tax Credit |
| Area of Interest |
Renewable Energy |
| Description |
The American Recovery and Reinvestment Act of 2009 modified Section 48 of the U.S. tax code to allow owners of production tax credit-eligible renewable projects, such as anaerobic digestion energy projects, to make an irrevocable election to earn a one-time corporate investment tax credit (ITC) in lieu of claiming the production tax credit. The ITC is equal to 30 percent of the costs attributable to the facility, which typically excludes other project costs, such as transmission equipment or ancillary site improvements.
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| Eligible Organizations |
Livestock Producer, Commercial/Industrial Business, Small Business |
| How to Apply |
To apply for the tax credit, a business must complete Form 3468, “Investment Credit.” |
| For More Information |
http://www.irs.gov 
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| Primary Contact |
Public Information Specialist
U.S. Internal Revenue Service
1111 Constitution Ave., NW
Washington, DC 20224
(202) 622-3980
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