U.S. Department of the Treasury Releases Guidance on Domestic Content Bonus for Clean Energy Credits

Bonus will help boost American manufacturing of solar wafers and other components critical for U.S. energy securityWASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) are releasing additional guidance on the Inflation Reduction Act’s domestic content bonus for Clean Electricity Production and Investment Tax Credits.The domestic content bonus boosts American manufacturing of iron, steel, and manufactured products used in clean energy projects like solar and wind farms, helping to ensure that American workers and American companies continue to benefit from investments in the clean energy economy. Under the Biden-Harris Administration, companies have announced more than $196 billion in investments in clean power and $92 billion in clean energy manufacturing.“Ensuring American workers are building the growing clean energy economy is a top priority for the Biden-Harris Administration,” said U.S.