Federal housing law
Form 3468 — Investment Credit
Federal housing law as enacted — verbatim and citable.
- Edition
- 2026-10-03
- Last updated
- 2026-10-04
- Jurisdiction
- United States
Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f3468.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).
Investment Credit OMB No. 1545-0155¶
3468¶
2025¶
OMB No. 1545-0155
Department of the Treasury Internal Revenue Service
Attach to your tax return. Go to www.irs.gov/Form3468 for instructions and the latest information.
Go to www.irs.gov/Form3468 for instructions and the latest information. Attachment
Internal Revenue Service Sequence No. 174
Name(s) shown on return Identifying number
Part I Information on Qualified Property or Qualified Facility (see instructions) 1 If making an elective payment election or transfer election, enter the IRS-issued registration number for the facility . . . . . . . . . . . . . . . . . . . . . . . . 2a (i) Enter the facility’s emissions value or rate (kg of CO2e per kg of qualified clean hydrogen): (ii) Enter the Department of Energy (DOE) control number, if applicable (see instructions): b If you petitioned for a provisional emissions rate (PER), check the applicable box below and complete line 2b(iii), if applicable. (i) An emissions value was received from the DOE. (ii) A designated lifecycle analysis (LCA) model was used to determine an emissions value. (iii) Enter the DOE control number, if applicable: 3a Type (solar, clean hydrogen, rehabilitation, etc.): b If different from filer, enter: (i) Owner’s name: (ii) Owner’s TIN: c Address of the facility (if applicable):
d Coordinates. (i) Latitude:
. (ii) Longitude:
Enter a “+” (plus) or “-” (minus) sign in the first box.
.
Enter a “+” (plus) or “-” (minus) sign in the first box.
e Check this box if the property includes qualified interconnection property under section 48(a)(8) or 48E(b)(1)(B) . . . . 4 Date construction began (MM/DD/YYYY): 5 Date placed in service (MM/DD/YYYY): 6 Is the facility an expansion of an existing facility? . . . . . . . . . . . . . . . . . . . . Yes No 7 Does the property, facility, or project produce a net output of less than 1 megawatt (MW) alternating current (ac), or equivalent thermal energy? a Yes. b No. c Not applicable; the facility doesn’t produce electricity. 8 Does the property, facility, or project satisfy the prevailing wage and apprenticeship requirements? a Yes, and sections 48C(e)(5) and (6) apply, and it was declared as provided per Notice 2023-18. b Yes, and either (i) section 48(a)(9)(B)(ii), 48E(a)(2)(A)(ii)(ll), or 48E(a)(2)(B)(ii)(ll) applies if construction began before January 29, 2023; or (ii) sections 48(a)(10) and (11), or 48E(d)(3) and (4) apply. c No. d Not applicable. 9 Does the property, facility, or project qualify for a domestic content bonus credit per section 48(a)(12)(B) or 48E(a)(3)(B)? a Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is satisfied (10% bonus). Attach the required information. b Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is not satisfied (2% bonus). Attach the required information. c No. 10 Does the property, facility, or project qualify for an energy community bonus credit per section 48(a)(14) or 48E(a)(3)(A)? a Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is satisfied (10% bonus). b Yes, and section 48(a)(9)(B), 48E(a)(2)(A)(ii), or 48E(a)(2)(B)(ii) is not satisfied (2% bonus). c No. 11 Does the property, facility, or project qualify for the low-income communities bonus credit under section 48(e)(2) or 48E(h)(2)? (The facility must have received an allocation of capacity limitation.) a Yes, and the facility is located in a low-income community per section 45D(e) (10% bonus). b Yes, and the facility is located on Indian land per section 2601(2) of P.L. 102-486 (10% bonus). c Yes, and the facility is part of a qualified low-income residential building project facility per section 48(e)(2)(B) or 48E(h)(2)(B) (20% bonus).
d Yes, and the facility is part of a qualified low-income economic benefit project facility per section 48(e)(2)(C) or 48E(h)(2)(C) (20% bonus). e If “Yes” to line 11a, 11b, 11c, or 11d, enter your 48(e) or 48E(h) Control Number: f Enter the originating pass-through entity’s employer identification number (EIN) (if applicable): g No.
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12276E Form 3468 (2025) Created 9/24/25
Form 3468 (2025) Page 2 Part I Information on Qualified Property or Qualified Facility (see instructions) (continued) 12 Enter the nameplate capacity or storage capacity for your property, facility, or project. a Solar. (i) Nameplate capacity: kilowatt (kW) direct current (dc) (ii) Nameplate capacity: kW ac (iii) Check here if the solar energy property or facility includes a solar tracking device . . . . . . . . . . . . . b Wind nameplate capacity: kW ac c Other. (i) Type: (ii) Nameplate capacity: kW
d Energy storage. (i) Power capacity rating: kW (ii) Energy storage capacity: kilowatt-hours (kWh) (iii) Is the energy storage installed in connection with the solar or wind facility a thermal storage? . . . . Yes No e Not applicable. 13 Are you claiming the investment credit as a lessee based on a section 48(d) (as in effect on November 4, 1990) election? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No If “Yes,” complete lines 13a through 13e. If you acquired more than one property as a lessee, attach a statement showing the information below separately reported for each property. a Name of lessor: b Address of lessor: c Description of property: d Amount for which you were treated as having acquired the property . . . . . . . . . . . . $ e Income inclusion amount reported for tax year under Regulations section 1.50-1 . . . . . . . . $ Part II Qualifying Advanced Coal Project Credit and Qualifying Gasification Project Credit Section A—Qualifying Advanced Coal Project Credit Under Section 48A (see instructions)
Form 3468 (2025)
Form 3468 (2025) Page 3 Part III Qualifying Advanced Energy Project Credit Under Section 48C (see instructions) Caution: You cannot claim any investment credits for a facility or property under section 48C if you also claimed credits under section 45X.
Caution: You cannot claim any investment credits for a facility under section 38 for the tax year or any prior tax year if a credit was allowed under section 45, 45J, 45Q, 45U, 45Y, 48, or 48A.
Form 3468 (2025)
Form 3468 (2025) Page 4 Part V Clean Electricity Investment Credit Under Section 48E (continued) Section B—Qualified Energy Storage Technology (see instructions)
Caution: You cannot claim any investment credits for a facility under section 38 for the tax year or any prior tax year if a credit was allowed under section 45, 45J, 45Q, 45U, 45Y, 48, or 48A.
(see instructions)
Form 3468 (2025)
Form 3468 (2025) Page 5 Part VI Energy Credit Under Section 48 Section A—Geothermal Energy Credit (see instructions)
| 3 a Enter the basis of property using solar illumination (including electrochromic glass) or either solar energy property or solar facility placed in service during the tax year . . . . . . . . . . . . . . . . 3a b Applicable energy percentage. See instructions . . 3b % c Multiply line 3a by line 3b . . . . . . . . . . . . . . . . . 3c Caution: Property described under section 48(a)(3)(ii) does not qualify for the solar facility in connection with low-income community bonus credit under section 48(e). If completing Section B for a section 48(a)(3)(ii) property, skip lines 3d through 3j, and go to line 3k. d If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii), is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 3j and enter -0-, and then go to line 3k . . 3d % e Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 3e kW dc f If the entry on Part I, line 12a(i), equals the entry on line 3e, multiply line 3a by line 3d and go to line 3j. Otherwise, continue to line 3g . . . . . . . . 3f g If the entry on Part I, line 12a(i), is more than the entry on line 3e, divide line 3e by Part I, line 12a(i) . . . 3g h Multiply line 3d by line 3g . . . . . . . . . 3h i Multiply line 3a by line 3h . . . . . . . . . 3i j If Part I, line 12a(i), is more than the entry on line 3e, enter the amount from line 3i. Otherwise, enter the amount from line 3f . . . . . . . . . . . 3j k If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 3m . . . . . . . . . . 3k % l Multiply line 3a by line 3k . . . . . . . . . . . . . . . . . 3l m If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 4 . . . . . . . . . . 3m % n Multiply line 3a by line 3m . . . . . . . . . . . . . . . . . 3n 4 Add lines 3c, 3j, 3l, and 3n . . . . . . . . . . . . . . . . . . . . . . . . . |
3a | 3c | 4 | |||
|---|---|---|---|---|---|---|
| **3 ** **a **Enter the basis of property using solar illumination (including electrochromic glass) or either solar energy property or solar facility placed in service during the tax year . . . . . . . . . . . . . . . . 3a b Applicable energy percentage. See instructions . . 3b % c Multiply line 3a by line 3b . . . . . . . . . . . . . . . . . 3c Caution: Property described under section 48(a)(3)(ii) does not qualify for the solar facility in connection with low-income community bonus credit under section 48(e). If completing Section B for a section 48(a)(3)(ii) property, skip lines 3d through 3j, and go to line 3k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii), is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 3j and enter -0-, and then go to line 3k . . 3d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 3e kW dc **f ** If the entry on Part I, line 12a(i), equals the entry on line 3e, multiply line 3a by line 3d and go to line 3j. Otherwise, continue to line 3g . . . . . . . . 3f **g **If the entry on Part I, line 12a(i), is more than the entry on line 3e, divide line 3e by Part I, line 12a(i) . . . 3g h Multiply line 3d by line 3g . . . . . . . . . 3h i Multiply line 3a by line 3h . . . . . . . . . 3i **j ** If Part I, line 12a(i), is more than the entry on line 3e, enter the amount from line 3i. Otherwise, enter the amount from line 3f . . . . . . . . . . . 3j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 3m . . . . . . . . . . 3k % l Multiply line 3a by line 3k . . . . . . . . . . . . . . . . . 3l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 4 . . . . . . . . . . 3m % n Multiply line 3a by line 3m . . . . . . . . . . . . . . . . . 3n 4 Add lines 3c, 3j, 3l, and 3n . . . . . . . . . . . . . . . . . . . . . . . . . |
3b | % | % | % | % | % |
| **3 ** **a **Enter the basis of property using solar illumination (including electrochromic glass) or either solar energy property or solar facility placed in service during the tax year . . . . . . . . . . . . . . . . 3a b Applicable energy percentage. See instructions . . 3b % c Multiply line 3a by line 3b . . . . . . . . . . . . . . . . . 3c Caution: Property described under section 48(a)(3)(ii) does not qualify for the solar facility in connection with low-income community bonus credit under section 48(e). If completing Section B for a section 48(a)(3)(ii) property, skip lines 3d through 3j, and go to line 3k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii), is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 3j and enter -0-, and then go to line 3k . . 3d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 3e kW dc **f ** If the entry on Part I, line 12a(i), equals the entry on line 3e, multiply line 3a by line 3d and go to line 3j. Otherwise, continue to line 3g . . . . . . . . 3f **g **If the entry on Part I, line 12a(i), is more than the entry on line 3e, divide line 3e by Part I, line 12a(i) . . . 3g h Multiply line 3d by line 3g . . . . . . . . . 3h i Multiply line 3a by line 3h . . . . . . . . . 3i **j ** If Part I, line 12a(i), is more than the entry on line 3e, enter the amount from line 3i. Otherwise, enter the amount from line 3f . . . . . . . . . . . 3j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 3m . . . . . . . . . . 3k % l Multiply line 3a by line 3k . . . . . . . . . . . . . . . . . 3l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 4 . . . . . . . . . . 3m % n Multiply line 3a by line 3m . . . . . . . . . . . . . . . . . 3n 4 Add lines 3c, 3j, 3l, and 3n . . . . . . . . . . . . . . . . . . . . . . . . . |
3b | % | 3j |
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| **3 ** **a **Enter the basis of property using solar illumination (including electrochromic glass) or either solar energy property or solar facility placed in service during the tax year . . . . . . . . . . . . . . . . 3a b Applicable energy percentage. See instructions . . 3b % c Multiply line 3a by line 3b . . . . . . . . . . . . . . . . . 3c Caution: Property described under section 48(a)(3)(ii) does not qualify for the solar facility in connection with low-income community bonus credit under section 48(e). If completing Section B for a section 48(a)(3)(ii) property, skip lines 3d through 3j, and go to line 3k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii), is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 3j and enter -0-, and then go to line 3k . . 3d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 3e kW dc **f ** If the entry on Part I, line 12a(i), equals the entry on line 3e, multiply line 3a by line 3d and go to line 3j. Otherwise, continue to line 3g . . . . . . . . 3f **g **If the entry on Part I, line 12a(i), is more than the entry on line 3e, divide line 3e by Part I, line 12a(i) . . . 3g h Multiply line 3d by line 3g . . . . . . . . . 3h i Multiply line 3a by line 3h . . . . . . . . . 3i **j ** If Part I, line 12a(i), is more than the entry on line 3e, enter the amount from line 3i. Otherwise, enter the amount from line 3f . . . . . . . . . . . 3j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 3m . . . . . . . . . . 3k % l Multiply line 3a by line 3k . . . . . . . . . . . . . . . . . 3l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 4 . . . . . . . . . . 3m % n Multiply line 3a by line 3m . . . . . . . . . . . . . . . . . 3n 4 Add lines 3c, 3j, 3l, and 3n . . . . . . . . . . . . . . . . . . . . . . . . . |
3b | % | 3l | |||
| **3 ** **a **Enter the basis of property using solar illumination (including electrochromic glass) or either solar energy property or solar facility placed in service during the tax year . . . . . . . . . . . . . . . . 3a b Applicable energy percentage. See instructions . . 3b % c Multiply line 3a by line 3b . . . . . . . . . . . . . . . . . 3c Caution: Property described under section 48(a)(3)(ii) does not qualify for the solar facility in connection with low-income community bonus credit under section 48(e). If completing Section B for a section 48(a)(3)(ii) property, skip lines 3d through 3j, and go to line 3k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii), is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 3j and enter -0-, and then go to line 3k . . 3d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 3e kW dc **f ** If the entry on Part I, line 12a(i), equals the entry on line 3e, multiply line 3a by line 3d and go to line 3j. Otherwise, continue to line 3g . . . . . . . . 3f **g **If the entry on Part I, line 12a(i), is more than the entry on line 3e, divide line 3e by Part I, line 12a(i) . . . 3g h Multiply line 3d by line 3g . . . . . . . . . 3h i Multiply line 3a by line 3h . . . . . . . . . 3i **j ** If Part I, line 12a(i), is more than the entry on line 3e, enter the amount from line 3i. Otherwise, enter the amount from line 3f . . . . . . . . . . . 3j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 3m . . . . . . . . . . 3k % l Multiply line 3a by line 3k . . . . . . . . . . . . . . . . . 3l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 4 . . . . . . . . . . 3m % n Multiply line 3a by line 3m . . . . . . . . . . . . . . . . . 3n 4 Add lines 3c, 3j, 3l, and 3n . . . . . . . . . . . . . . . . . . . . . . . . . |
3b | % | 3n |
Form 3468 (2025)
Form 3468 (2025) Page 6 Part VI Energy Credit Under Section 48 (continued) Section C—Qualified Fuel Cell Property (see instructions)
Form 3468 (2025)
Form 3468 (2025) Page 7 Part VI Energy Credit Under Section 48 (continued) Section E—Combined Heat and Power System Property (see instructions) Caution: You can’t claim this credit if the electrical capacity of the property is more than 50 MW or has a mechanical energy capacity of more than 67,000 horsepower or an equivalent combination of electrical and mechanical energy capabilities.
Form 3468 (2025)
Form 3468 (2025) Page 8 Part VI Energy Credit Under Section 48 (continued) Section G—Waste Energy Recovery Property (see instructions)
Form 3468 (2025)
Form 3468 (2025) Page 9 Part VI Energy Credit Under Section 48 (continued) Section I—Energy Storage Technology Property (see instructions)
| 17a Enter the basis of property using energy storage technology placed in service during the tax year . . 17a b If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. d If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % e Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW f If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f g If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i j If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j k If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l m If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17a | 17c | 18 | |||
|---|---|---|---|---|---|---|
| 17 aEnter the basis of property using energy storage technology placed in service during the tax year . . 17a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % **e ** Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW **f ** If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f **g ** If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i **j ** If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n |
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| Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17b | % | % | % | % | % |
| 17a Enter the basis of property using energy storage technology placed in service during the tax year . . 17a b If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. d If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % e Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW f If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f g If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i j If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j k If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l m If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17a | 17c | 18 | |||
|---|---|---|---|---|---|---|
| 17 aEnter the basis of property using energy storage technology placed in service during the tax year . . 17a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % **e ** Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW **f ** If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f **g ** If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i **j ** If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n |
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| Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17b | % | 17j |
| 17a Enter the basis of property using energy storage technology placed in service during the tax year . . 17a b If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. d If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % e Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW f If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f g If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i j If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j k If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l m If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17a | 17c | 18 | |||
|---|---|---|---|---|---|---|
| 17 aEnter the basis of property using energy storage technology placed in service during the tax year . . 17a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % **e ** Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW **f ** If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f **g ** If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i **j ** If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n |
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| Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17b | % | 17l |
| 17a Enter the basis of property using energy storage technology placed in service during the tax year . . 17a b If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. d If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % e Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW f If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f g If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i j If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j k If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l m If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17a | 17c | 18 | |||
|---|---|---|---|---|---|---|
| 17 aEnter the basis of property using energy storage technology placed in service during the tax year . . 17a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 17b % c Multiply line 17a by line 17b . . . . . . . . . . . . . . . . . 17c Caution: For lines 17d through 17j, the energy storage technology property must be installed in connection with a solar or wind energy property under section 45(d)(1), 48(a)(3)(A)(i), or 48(a)(3)(A)(vi) that qualifies for the low-income community bonus credit under section 48(e) to also qualify for the bonus credit. If the energy storage technology property is not installed in connection with such solar or wind energy property, then skip lines 17d through 17j, and go to line 17k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12a(ii) or 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 17j and enter -0-, and then go to line 17k 17d % **e ** Enter the amount of capacity limitation you were allocated in the allocation letter for the solar or wind energy property in connection with the energy storage technology . . . . . . . . . . . . . . 17e kW **f ** If the relevant entry on Part I, line 12a(i) or 12b, equals the entry on line 17e, multiply line 17a by line 17d and go to line 17j. Otherwise, continue to line 17g . . . 17f **g ** If the relevant entry on Part I, line 12a(i) or 12b, is more than the entry on line 17e, divide line 17e by Part I, line 12a(i) or 12b . . . . . . . . . . . . . . 17g h Multiply line 17d by line 17g . . . . . . . . . 17h i Multiply line 17a by line 17h . . . . . . . . . 17i **j ** If the entry for the solar or wind energy property in connection with the energy storage technology on Part I, line 12a(i) or 12b, is more than the entry on line 17e, enter the amount from line 17i. Otherwise, enter the amount from line 17f 17j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 17m . . . . . . . . . 17k % l Multiply line 17a by line 17k . . . . . . . . . . . . . . . . . 17l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 18 . . . . . . . . . . 17m % n |
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| Multiply line 17a by line 17m . . . . . . . . . . . . . . . . 17n 18 Add lines 17c, 17j, 17l, and 17n . . . . . . . . . . . . . . . . . . . . . . . |
17b | % | 17n |
Form 3468 (2025)
Form 3468 (2025) Page 10 Part VI Energy Credit Under Section 48 (continued) Section K—Microgrid Controllers Property (see instructions)
| Section L—Qualified Investment Credit Facility Property (see instructions) | ty (se | ee instructions) | ||||
|---|---|---|---|---|---|---|
| 23 aEnter the basis of property using investment credit facility property placed in service during the tax year . 23a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 23b % c Multiply line 23a by line 23b . . . . . . . . . . . . . . . . . 23c Caution: For property other than that described under section 45(d)(1), the property does not qualify for the wind facility in connection with the low-income community bonus credit under section 48(e). Skip lines 23d through 23j, and go to line 23k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 23j and enter -0-, and then go to line 23k . 23d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 23e kW **f ** If the entry on Part I, line 12b, equals the entry on line 23e, multiply line 23a by line 23d and go to line 23j. Otherwise, continue to line 23g . . . . . . . 23f **g **If the entry on Part I, line 12b, is more than the entry on line 23e, divide line 23e by Part I, line 12b . . . . 23g h Multiply line 23d by line 23g . . . . . . . . . 23h i Multiply line 23a by line 23h . . . . . . . . . 23i **j ** If Part I, line 12b, is more than the entry on line 23e, enter the amount from line 23i. Otherwise, enter the amount from line 23f . . . . . . . . . . . 23j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 23m . . . . . . . . . 23k % l Multiply line 23a by line 23k . . . . . . . . . . . . . . . . . 23l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 24 . . . . . . . . . . 23m % n Multiply line 23a by line 23m . . . . . . . . . . . . . . . . 23n Add lines 23c, 23j, 23l, and 23n . . . . . . . . . . . . . . . . . . . . . . . 24 |
23a | 23c | 24 | |||
| 23 aEnter the basis of property using investment credit facility property placed in service during the tax year . 23a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 23b % c Multiply line 23a by line 23b . . . . . . . . . . . . . . . . . 23c Caution: For property other than that described under section 45(d)(1), the property does not qualify for the wind facility in connection with the low-income community bonus credit under section 48(e). Skip lines 23d through 23j, and go to line 23k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 23j and enter -0-, and then go to line 23k . 23d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 23e kW **f ** If the entry on Part I, line 12b, equals the entry on line 23e, multiply line 23a by line 23d and go to line 23j. Otherwise, continue to line 23g . . . . . . . 23f **g **If the entry on Part I, line 12b, is more than the entry on line 23e, divide line 23e by Part I, line 12b . . . . 23g h Multiply line 23d by line 23g . . . . . . . . . 23h i Multiply line 23a by line 23h . . . . . . . . . 23i **j ** If Part I, line 12b, is more than the entry on line 23e, enter the amount from line 23i. Otherwise, enter the amount from line 23f . . . . . . . . . . . 23j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 23m . . . . . . . . . 23k % l Multiply line 23a by line 23k . . . . . . . . . . . . . . . . . 23l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 24 . . . . . . . . . . 23m % n Multiply line 23a by line 23m . . . . . . . . . . . . . . . . 23n Add lines 23c, 23j, 23l, and 23n . . . . . . . . . . . . . . . . . . . . . . . 24 |
23b | % | % | % | % | % |
| 23 aEnter the basis of property using investment credit facility property placed in service during the tax year . 23a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 23b % c Multiply line 23a by line 23b . . . . . . . . . . . . . . . . . 23c Caution: For property other than that described under section 45(d)(1), the property does not qualify for the wind facility in connection with the low-income community bonus credit under section 48(e). Skip lines 23d through 23j, and go to line 23k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 23j and enter -0-, and then go to line 23k . 23d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 23e kW **f ** If the entry on Part I, line 12b, equals the entry on line 23e, multiply line 23a by line 23d and go to line 23j. Otherwise, continue to line 23g . . . . . . . 23f **g **If the entry on Part I, line 12b, is more than the entry on line 23e, divide line 23e by Part I, line 12b . . . . 23g h Multiply line 23d by line 23g . . . . . . . . . 23h i Multiply line 23a by line 23h . . . . . . . . . 23i **j ** If Part I, line 12b, is more than the entry on line 23e, enter the amount from line 23i. Otherwise, enter the amount from line 23f . . . . . . . . . . . 23j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 23m . . . . . . . . . 23k % l Multiply line 23a by line 23k . . . . . . . . . . . . . . . . . 23l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 24 . . . . . . . . . . 23m % n Multiply line 23a by line 23m . . . . . . . . . . . . . . . . 23n Add lines 23c, 23j, 23l, and 23n . . . . . . . . . . . . . . . . . . . . . . . 24 |
23b | % | 23j |
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| 23 aEnter the basis of property using investment credit facility property placed in service during the tax year . 23a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 23b % c Multiply line 23a by line 23b . . . . . . . . . . . . . . . . . 23c Caution: For property other than that described under section 45(d)(1), the property does not qualify for the wind facility in connection with the low-income community bonus credit under section 48(e). Skip lines 23d through 23j, and go to line 23k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 23j and enter -0-, and then go to line 23k . 23d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 23e kW **f ** If the entry on Part I, line 12b, equals the entry on line 23e, multiply line 23a by line 23d and go to line 23j. Otherwise, continue to line 23g . . . . . . . 23f **g **If the entry on Part I, line 12b, is more than the entry on line 23e, divide line 23e by Part I, line 12b . . . . 23g h Multiply line 23d by line 23g . . . . . . . . . 23h i Multiply line 23a by line 23h . . . . . . . . . 23i **j ** If Part I, line 12b, is more than the entry on line 23e, enter the amount from line 23i. Otherwise, enter the amount from line 23f . . . . . . . . . . . 23j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 23m . . . . . . . . . 23k % l Multiply line 23a by line 23k . . . . . . . . . . . . . . . . . 23l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 24 . . . . . . . . . . 23m % n Multiply line 23a by line 23m . . . . . . . . . . . . . . . . 23n Add lines 23c, 23j, 23l, and 23n . . . . . . . . . . . . . . . . . . . . . . . 24 |
23b | % | 23l | |||
| 23 aEnter the basis of property using investment credit facility property placed in service during the tax year . 23a **b **If you checked the box in Part I, line 7a or 8b, enter 30%. Otherwise, enter 6% . . . . . . . . . 23b % c Multiply line 23a by line 23b . . . . . . . . . . . . . . . . . 23c Caution: For property other than that described under section 45(d)(1), the property does not qualify for the wind facility in connection with the low-income community bonus credit under section 48(e). Skip lines 23d through 23j, and go to line 23k. **d ** If you checked the box in Part I, line 11a or 11b, enter 10%. If you checked the box in Part I, line 11c or 11d, enter 20%. However, if you checked the box in Part I, line 11g; or Part I, line 12b, is 5 MW ac or more (in relation to line 11a, 11b, 11c, or 11d), you don’t qualify for the bonus credit. In that situation, enter 0% here, go to line 23j and enter -0-, and then go to line 23k . 23d % **e **Enter the amount of capacity limitation you were allocated in the allocation letter . . . . . . . 23e kW **f ** If the entry on Part I, line 12b, equals the entry on line 23e, multiply line 23a by line 23d and go to line 23j. Otherwise, continue to line 23g . . . . . . . 23f **g **If the entry on Part I, line 12b, is more than the entry on line 23e, divide line 23e by Part I, line 12b . . . . 23g h Multiply line 23d by line 23g . . . . . . . . . 23h i Multiply line 23a by line 23h . . . . . . . . . 23i **j ** If Part I, line 12b, is more than the entry on line 23e, enter the amount from line 23i. Otherwise, enter the amount from line 23f . . . . . . . . . . . 23j **k ** If you checked the box in Part I, line 9a, enter 10%. If you checked the box in Part I, line 9b, enter 2%. Otherwise, go to line 23m . . . . . . . . . 23k % l Multiply line 23a by line 23k . . . . . . . . . . . . . . . . . 23l **m ** If you checked the box in Part I, line 10a, enter 10%. If you checked the box in Part I, line 10b, enter 2%. Otherwise, go to line 24 . . . . . . . . . . 23m % n Multiply line 23a by line 23m . . . . . . . . . . . . . . . . 23n Add lines 23c, 23j, 23l, and 23n . . . . . . . . . . . . . . . . . . . . . . . 24 |
23b | % | 23n |
Form 3468 (2025)
Form 3468 (2025) Page 11 Part VI Energy Credit Under Section 48 (continued) Section M—Clean Hydrogen Production Facilities as Energy Property (see instructions) Caution: If you choose to treat specified clean hydrogen production property as energy property, you cannot also take the credit under section 45V or 45Q. Production and sale or use of clean hydrogen must be verified by an unrelated party. Attach a copy of the verification report to the tax return.
Form 3468 (2025)
Form 3468 (2025) Page 12 Part VII Rehabilitation Credit Under Section 47 (see instructions) 1a Was there a prior section 170(h) deduction on this property? Yes No b If “Yes” to line 1a, then provide the prior NPS number c Check this box if you are electing under section 47(d)(5) to take your qualified rehabilitation expenditures into account for
the tax year in which paid (or, for self-rehabilitated property, when capitalized). This election applies to the current tax year and to all later tax years. You may not revoke this election without IRS consent . . . . . . . . . . . . . . .
d Enter the dates for the 24- or 60-month measuring period. Beginning date: End date: e Enter the adjusted basis of the building as of the beginning date above (or the first day of your holding
period, if later) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ f Enter the amount of the qualified rehabilitation expenditures incurred, or treated as incurred, during the
| g Enter the amount of qualified rehabilitation expenditures 1g h Reserved for future use . . . . . . . . . . . . . . . . . . 1h i Reserved for future use . . . . . . . . . . . . . . . . . . 1i j For certified historic structures with expenditures paid or incurred, multiply line 1g by 4% (0.04) . . . . . . . . . . . . . . . . . . . . . 1j Note: This credit is allowed for a 5-year period beginning in the tax year that the qualified rehabilitated building is placed in service. k If you completed line 1j, enter the following. (i) The assigned NPS project number: . (ii) The originating pass-through entity’s EIN (if applicable): . (iii) The date the NPS approved the Request for Certification of Completed Work: . l Reserved for future use. m If you have not received an approved certification of completed work, enter the date that is 30 months after the date that the original rehabilitation credit was claimed for the property:, and attach the first page of NPS Form 10-168, with an indication that it was received, and a statement that you did not receive the final certification of completed work before the date above. 2 Enter the applicable unused investment credit from cooperatives. See instructions . . . . . . . . . . . . . . . . . . . . . . 2 3 Add lines 1j and 2. Report this amount on Form 3800, Part III, line 4k . . . . . . . . . . . |
1g | 1h | 3 | |||
|---|---|---|---|---|---|---|
g Enter the amount of qualified rehabilitation expenditures 1g h Reserved for future use . . . . . . . . . . . . . . . . . . 1h i Reserved for future use . . . . . . . . . . . . . . . . . . 1i j For certified historic structures with expenditures paid or incurred, multiply line 1g by 4% (0.04) . . . . . . . . . . . . . . . . . . . . . 1j Note:This credit is allowed for a 5-year period beginning in the tax year that the qualified rehabilitated building is placed in service. k If you completed line 1j, enter the following. (i) The assigned NPS project number: . (ii) The originating pass-through entity’s EIN (if applicable): . **(iii)**The date the NPS approved the Request for Certification of Completed Work: . l Reserved for future use. **m ** If you have not received an approved certification of completed work, enter the date that is 30 months after the date that the original rehabilitation credit was claimed for the property:, and attach the first page of NPS Form 10-168, with an indication that it was received, and a statement that you did not receive the final certification of completed work before the date above. **2 ** Enter the applicable unused investment credit from cooperatives. See instructions . . . . . . . . . . . . . . . . . . . . . . 2 3 Add lines 1j and 2. Report this amount on Form 3800, Part III, line 4k . . . . . . . . . . . |
1g | 1i | ||||
g Enter the amount of qualified rehabilitation expenditures 1g h Reserved for future use . . . . . . . . . . . . . . . . . . 1h i Reserved for future use . . . . . . . . . . . . . . . . . . 1i j For certified historic structures with expenditures paid or incurred, multiply line 1g by 4% (0.04) . . . . . . . . . . . . . . . . . . . . . 1j Note:This credit is allowed for a 5-year period beginning in the tax year that the qualified rehabilitated building is placed in service. k If you completed line 1j, enter the following. (i) The assigned NPS project number: . (ii) The originating pass-through entity’s EIN (if applicable): . **(iii)**The date the NPS approved the Request for Certification of Completed Work: . l Reserved for future use. **m ** If you have not received an approved certification of completed work, enter the date that is 30 months after the date that the original rehabilitation credit was claimed for the property:, and attach the first page of NPS Form 10-168, with an indication that it was received, and a statement that you did not receive the final certification of completed work before the date above. **2 ** Enter the applicable unused investment credit from cooperatives. See instructions . . . . . . . . . . . . . . . . . . . . . . 2 3 Add lines 1j and 2. Report this amount on Form 3800, Part III, line 4k . . . . . . . . . . . |
1g | 1j | ||||
g Enter the amount of qualified rehabilitation expenditures 1g h Reserved for future use . . . . . . . . . . . . . . . . . . 1h i Reserved for future use . . . . . . . . . . . . . . . . . . 1i j For certified historic structures with expenditures paid or incurred, multiply line 1g by 4% (0.04) . . . . . . . . . . . . . . . . . . . . . 1j Note:This credit is allowed for a 5-year period beginning in the tax year that the qualified rehabilitated building is placed in service. k If you completed line 1j, enter the following. (i) The assigned NPS project number: . (ii) The originating pass-through entity’s EIN (if applicable): . **(iii)**The date the NPS approved the Request for Certification of Completed Work: . l Reserved for future use. **m ** If you have not received an approved certification of completed work, enter the date that is 30 months after the date that the original rehabilitation credit was claimed for the property:, and attach the first page of NPS Form 10-168, with an indication that it was received, and a statement that you did not receive the final certification of completed work before the date above. **2 ** Enter the applicable unused investment credit from cooperatives. See instructions . . . . . . . . . . . . . . . . . . . . . . 2 3 Add lines 1j and 2. Report this amount on Form 3800, Part III, line 4k . . . . . . . . . . . |
1g | 2 |
Form 3468 (2025)