Energy Department Awards $150M in Clean Energy Tax Credits

by | Dec 13, 2013

corningCarrier Corporation and Natel Energy are among the recipients of $150 million in Energy Department clean energy tax credits to build US capabilities in clean energy manufacturing.

The credits will go toward investments in domestic manufacturing equipment by 12 businesses, through the Advanced Energy Manufacturing Tax Credit program (the 48C Program). The credits’ availability was announced in February.

The awards include domestic manufacturing of a wide range of renewable energy and energy efficiency products – from hydropower and wind energy to smart grid technologies to fuel-efficient vehicles – and will support thousands of new manufacturing jobs in nine states and dozens of supply chains throughout the United States. These projects, subject to final certification, include the following:

Energy Efficient Buildings: With the support of $5.1 million in 48C Program tax credits, Carrier Corporation will expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line. The new line includes the most energy-efficient gas furnaces on the market – all with at least 95 percent annual fuel utilization efficiency.

Renewable Energy: Natel Energy makes low-head, high-flow hydroelectric turbines for new, distributed, utility-scale hydropower projects as well as for retrofitting dams and irrigation canals. With more than $2 million in 48C Program tax credits, Natel is equipping a manufacturing facility on California’s former Alameda Naval Air Station. The facility will produce 200 turbines annually – roughly 90 MW – to enable environmentally friendly hydropower development worldwide.

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