Established as part of the American Recovery and Reinvestment Act of 2009 (ARRA), the Section 48C Advanced Energy Manufacturing Tax Credit Program is a competitive program aimed at revitalizing manufacturing through the production and manufacturing of certain eligible advanced energy equipment and products. The Manufacturing Tax Credit will provide manufacturers with an investment tax credit of 30 percent. For more information on the Manufacturing Tax Credit, see Bricker & Eckler's August 2009 bulletin entitled "Stimulus to Provide Tax Breaks for Manufacturers of Advanced Energy Products and Equipment."
On January 8, 2010, President Obama announced the selection of 183 projects in 43 states, including Ohio, that will receive approximately $2.3 billion in such tax credits. Among the selected projects in Ohio are the: (1) expansion of the solar PV manufacturing facility of FirstSolar, Inc. in Perrysburg, Ohio; (2) expansion of E.I. du Pont de Nemours and Co.'s production of certain films used in solar PV in Circleville, Ohio; and (3) production of a flexible, lightweight solar cell for easy application on rooftops by Xunlight Corporation in Toledo, Ohio. A complete listing of all 183 projects can be found here.